|         |                                                                                          |  |  |  |  |
|---------|------------------------------------------------------------------------------------------|--|--|--|--|
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |
|         | For the quarterly period ended June 30, 2020                                             |
|         |                                                                                          |
| or      |                                                                                          |
|         |                                                                                          |
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|         | For the transition period from __________ to __________                                  |

|                          |                                      |  |  |  |  |
|--------------------------|--------------------------------------|--|--|--|--|
| Iowa                     | 42-1230603                           |
| (State of Incorporation) | (I.R.S. Employer Identification No.) |

|  |                                          |            |  |  |  |  |  |  |  |  |  |
|--|------------------------------------------|------------|--|--|--|--|--|--|--|--|--|
|  | 1601 22nd Street, West Des Moines, Iowa  | 50266      |  |
|  | (Address of principal executive offices) | (Zip Code) |  |

|                            |                   |                                           |  |  |  |  |  |  |
|----------------------------|-------------------|-------------------------------------------|--|--|--|--|--|--|
| Title of each class        | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, no par value | WTBA              | The Nasdaq Global Select Market           |

|                           |         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------|---------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Large accelerated filer   | ☐ |  |  |  |  |
| Accelerated filer         | ☒ |  |  |  |  |
| Non-accelerated filer     | ☐ |  |  |  |  |
| Smaller reporting company | ☒ |  |  |  |  |
| Emerging growth company   | ☐ |  |  |  |  |

----

----

|          |                                                                                                           |      |  |  |  |  |  |  |
|----------|-----------------------------------------------------------------------------------------------------------|------|--|--|--|--|--|--|
|          |                                                                                                           | Page |
| PART I.  | FINANCIAL INFORMATION                                                                                     |      |
|          |                                                                                                           |      |
| Item 1.  | Financial Statements                                                                                      | 4    |
|          |                                                                                                           |      |
|          | Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019                                     | 4    |
|          |                                                                                                           |      |
|          | Consolidated Statements of Income for the three and six months ended June 30, 2020 and 2019               | 5    |
|          |                                                                                                           |      |
|          | Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2020 and 2019 | 6    |
|          |                                                                                                           |      |
|          | Consolidated Statements of Stockholders' Equity for the three and six months ended June 30, 2020 and 2019 | 7    |
|          |                                                                                                           |      |
|          | Consolidated Statements of Cash Flows for the six months ended June 30, 2020 and 2019                     | 9    |
|          |                                                                                                           |      |
|          | Notes to Consolidated Financial Statements                                                                | 9    |
|          |                                                                                                           |      |
| Item 2.  | Management's Discussion and Analysis of Financial Condition and Results of Operations                     | 30   |
|          |                                                                                                           |      |
|          | "Safe Harbor" Concerning Forward-Looking Statements                                               | 30   |
|          |                                                                                                           |      |
|          | Critical Accounting Policies                                                                              | 30   |
|          |                                                                                                           |      |
|          | Non-GAAP  Financial Measures                                                                              | 31   |
|          |                                                                                                           |      |
|          | Overview                                                                                                  | 32   |
|          |                                                                                                           |      |
|          | Significant Developments                                                                                  | 32   |
|          |                                                                                                           |      |
|          | Summary                                                                                                   | 34   |
|          |                                                                                                           |      |
|          | Results of Operations                                                                                     | 37   |
|          |                                                                                                           |      |
|          | Financial Condition                                                                                       | 45   |
|          |                                                                                                           |      |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                                | 49   |
|          |                                                                                                           |      |
| Item 4.  | Controls and Procedures                                                                                   | 49   |
|          |                                                                                                           |      |
| PART II. | OTHER INFORMATION                                                                                         |      |
|          |                                                                                                           |      |
| Item 1.  | Legal Proceedings                                                                                         | 49   |
|          |                                                                                                           |      |
| Item 1A. | Risk Factors                                                                                              | 49   |
|          |                                                                                                           |      |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                               | 50   |
|          |                                                                                                           |      |
| Item 3.  | Defaults Upon Senior Securities                                                                           | 50   |
|          |                                                                                                           |      |
| Item 4.  | Mine Safety Disclosures                                                                                   | 50   |
|          |                                                                                                           |      |
| Item 5.  | Other Information                                                                                         | 50   |
|          |                                                                                                           |      |
| Item 6.  | Exhibits                                                                                                  | 51   |
|          |                                                                                                           |      |
|          | Signatures                                                                                                | 52   |

----

Table of Contents

|                                                                                                                                                                                                                                          |  |                 |                 |                   |                 |        |                 |        |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|-----------------|-----------------|-------------------|-----------------|--------|-----------------|--------|--|--|--|--|--|--|
| (in thousands, except share and per share data)                                                                                                                                                                                          |  | June 30, 2020   |                 | December 31, 2019 |
| ASSETS                                                                                                                                                                                                                                   |  |                 |                 |                   |
| Cash and due from banks                                                                                                                                                                                                                  |  | $               | 54,175     |              |                 | $      | 37,808     |   |
| Federal funds sold                                                                                                                                                                                                                       |  | 62,494     |            |                   | 15,482     |   |
| Cash and cash equivalents                                                                                                                                                                                                                |  | 116,669    |            |                   | 53,290     |   |
| Investment securities available for sale, at fair value                                                                                                                                                                                  |  | 342,017    |            |                   | 398,578    |   |
| Federal Home Loan Bank stock, at cost                                                                                                                                                                                                    |  | 12,307     |            |                   | 12,491     |   |
| Loans                                                                                                                                                                                                                                    |  | 2,199,688  |            |                   | 1,941,663  |   |
| Allowance for loan losses                                                                                                                                                                                                                |  | (21,363)        |            |                   | (17,235)        |   |
| Loans, net                                                                                                                                                                                                                               |  | 2,178,325  |            |                   | 1,924,428  |   |
| Premises and equipment, net                                                                                                                                                                                                              |  | 28,655     |            |                   | 29,680     |   |
| Accrued interest receivable                                                                                                                                                                                                              |  | 8,467      |            |                   | 7,134      |   |
| Bank-owned life insurance                                                                                                                                                                                                                |  | 35,187     |            |                   | 34,893     |   |
| Deferred tax assets, net                                                                                                                                                                                                                 |  | 10,122     |            |                   | 5,361      |   |
| Other assets                                                                                                                                                                                                                             |  | 8,574      |            |                   | 7,836      |   |
| Total assets                                                                                                                                                                                                                             |  | $               | 2,740,323  |              |                 | $      | 2,473,691  |   |
|                                                                                                                                                                                                                                          |  |                 |                 |                   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                     |  |                 |                 |                   |
| LIABILITIES                                                                                                                                                                                                                              |  |                 |                 |                   |
| Deposits:                                                                                                                                                                                                                            |  |                 |                 |                   |
| Noninterest-bearing demand                                                                                                                                                                                                               |  | $               | 590,487    |              |                 | $      | 380,079    |   |
| Interest-bearing demand                                                                                                                                                                                                                  |  | 378,931    |            |                   | 346,307    |   |
| Savings                                                                                                                                                                                                                                  |  | 1,081,743  |            |                   | 996,836    |   |
| Time of $250 or more                                                                                                                                                                                                                     |  | 61,456     |            |                   | 81,871     |   |
| Other time                                                                                                                                                                                                                               |  | 143,092    |            |                   | 209,663    |   |
| Total deposits                                                                                                                                                                                                                           |  | 2,255,709  |            |                   | 2,014,756  |   |
| Federal funds purchased                                                                                                                                                                                                                  |  | 5,755      |            |                   | 2,660      |   |
| Subordinated notes, net                                                                                                                                                                                                                  |  | 20,445     |            |                   | 20,438     |   |
| Federal Home Loan Bank advances, net                                                                                                                                                                                                     |  | 179,869    |            |                   | 179,365    |   |
| Long-term debt                                                                                                                                                                                                                           |  | 22,867     |            |                   | 22,925     |   |
| Accrued expenses and other liabilities                                                                                                                                                                                                   |  | 46,991     |            |                   | 21,727     |   |
| Total liabilities                                                                                                                                                                                                                        |  | 2,531,636  |            |                   | 2,261,871  |   |
| COMMITMENTS AND CONTINGENCIES (NOTE 8)                                                                                                                                                                                                   |  |                 |                 |                   |
| STOCKHOLDERS' EQUITY                                                                                                                                                                                                                     |  |                 |                 |                   |
| Preferred stock, $0.01 par value; authorized 50,000,000 shares; no shares issued and outstanding at June 30, 2020 and December 31, 2019                                                                                          |  | —    |            |                   | —    |   |
| Common stock, no par value; authorized 50,000,000 shares; 16,469,272                and 16,379,752 shares issued and outstanding at June 30, 2020    and December 31, 2019, respectively |  | 3,000      |            |                   | 3,000      |   |
| Additional paid-in capital                                                                                                                                                                                                               |  | 27,632     |            |                   | 27,260     |   |
| Retained earnings                                                                                                                                                                                                                        |  | 193,981    |            |                   | 184,821    |   |
| Accumulated other comprehensive loss                                                                                                                                                                                                     |  | (15,926)        |            |                   | (3,261)         |   |
| Total stockholders' equity                                                                                                                                                                                                               |  | 208,687    |            |                   | 211,820    |   |
| Total liabilities and stockholders' equity                                                                                                                                                                                               |  | $               | 2,740,323  |              |                 | $      | 2,473,691  |   |

----

Table of Contents

|                                                     |  |                             |              |        |               |                           |              |              |        |   |               |        |  |   |              |        |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--|-----------------------------|--------------|--------|---------------|---------------------------|--------------|--------------|--------|---|---------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                |  | Three Months Ended June 30, |              |        |               | Six Months Ended June 30, |              |              |
| (in thousands, except per share data)               |  | 2020                        |              | 2019   |               | 2020                      |              | 2019         |
| Interest income:                                |  |                             |              |        |               |                           |              |              |
| Loans, including fees                               |  | $                           | 22,332  |   |               | $                         | 21,108  |         |        | $ | 44,643   |   |  | $ | 41,496  |   |
| Investment securities:                          |  |                             |              |        |               |                           |              |              |
| Taxable                                             |  | 1,994                  |         |        | 2,632    |                      |              | 4,377   |   |   | 4,960    |   |
| Tax-exempt                                          |  | 319                    |         |        | 485      |                      |              | 616     |   |   | 1,322    |   |
| Federal funds sold                                  |  | 12                     |         |        | 110      |                      |              | 241     |   |   | 208      |   |
| Total interest income                               |  | 24,657                 |         |        | 24,335   |                      |              | 49,877  |   |   | 47,986   |   |
| Interest expense:                               |  |                             |              |        |               |                      |              |         |
| Deposits                                            |  | 2,351                  |         |        | 6,670    |                      |              | 7,397   |   |   | 12,634   |   |
| Federal funds purchased                             |  | 3                      |         |        | 115      |                      |              | 19      |   |   | 202      |   |
| Subordinated notes                                  |  | 253                    |         |        | 256      |                      |              | 508     |   |   | 508      |   |
| Federal Home Loan Bank advances                     |  | 1,204                  |         |        | 1,093    |                      |              | 2,513   |   |   | 2,366    |   |
| Long-term debt                                      |  | 99                     |         |        | 163      |                      |              | 229     |   |   | 349      |   |
| Total interest expense                              |  | 3,910                  |         |        | 8,297    |                      |              | 10,666  |   |   | 16,059   |   |
| Net interest income                                 |  | 20,747                 |         |        | 16,038   |                      |              | 39,211  |   |   | 31,927   |   |
| Provision for loan losses                           |  | 3,000                  |         |        | —  |                      |              | 4,000   |   |   | —  |   |
| Net interest income after provision for loan losses |  | 17,747                 |         |        | 16,038   |                      |              | 35,211  |   |   | 31,927   |   |
| Noninterest income:                             |  |                             |              |        |               |                      |              |         |
| Service charges on deposit accounts                 |  | 531                    |         |        | 600      |                      |              | 1,134   |   |   | 1,211    |   |
| Debit card usage fees                               |  | 391                    |         |        | 434      |                      |              | 773     |   |   | 809      |   |
| Trust services                                      |  | 461                    |         |        | 481      |                      |              | 924     |   |   | 964      |   |
| Increase in cash value of bank-owned life insurance |  | 136                    |         |        | 162      |                      |              | 294     |   |   | 314      |   |
| Loan swap fees                                      |  | 3                      |         |        | —  |                      |              | 589     |   |   | —  |   |
| Realized investment securities gains (losses), net  |  | (69)                        |         |        | 23       |                      |              | (75)         |   |   | (65)          |   |
| Other income                                        |  | 322                    |         |        | 299      |                      |              | 656     |   |   | 885      |   |
| Total noninterest income                            |  | 1,775                  |         |        | 1,999    |                      |              | 4,295   |   |   | 4,118    |   |
| Noninterest expense:                            |  |                             |              |        |               |                      |              |         |
| Salaries and employee benefits                      |  | 5,318                  |         |        | 5,424    |                      |              | 10,602  |   |   | 10,884   |   |
| Occupancy                                           |  | 1,349                  |         |        | 1,344    |                      |              | 2,709   |   |   | 2,577    |   |
| Data processing                                     |  | 596                    |         |        | 716      |                      |              | 1,268   |   |   | 1,396    |   |
| FDIC insurance                                      |  | 292                    |         |        | 185      |                      |              | 529     |   |   | 404      |   |
| Professional fees                                   |  | 200                    |         |        | 209      |                      |              | 439     |   |   | 443      |   |
| Director fees                                       |  | 194                    |         |        | 258      |                      |              | 428     |   |   | 509      |   |
| Other expenses                                      |  | 1,468                  |         |        | 1,614    |                      |              | 3,105   |   |   | 3,081    |   |
| Total noninterest expense                           |  | 9,417                  |         |        | 9,750    |                      |              | 19,080  |   |   | 19,294   |   |
| Income before income taxes                          |  | 10,105                 |         |        | 8,287    |                      |              | 20,426  |   |   | 16,751   |   |
| Income taxes                                        |  | 2,136                  |         |        | 1,629    |                      |              | 4,368   |   |   | 3,194    |   |
| Net income                                          |  | $                           | 7,969   |   |               | $                         | 6,658   |         |        | $ | 16,058   |   |  | $ | 13,557  |   |
|                                                |  |                             |              |        |               |                           |              |              |
| Basic earnings per common share                     |  | $                           | 0.48    |   |               | $                         | 0.41    |         |        | $ | 0.98     |   |  | $ | 0.83    |   |
| Diluted earnings per common share                   |  | $                           | 0.48    |   |               | $                         | 0.41    |         |        | $ | 0.97     |   |  | $ | 0.83    |   |

----

Table of Contents

|                                                                                                    |  |                             |              |        |             |                           |             |             |        |   |              |        |  |   |              |        |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------|--|-----------------------------|--------------|--------|-------------|---------------------------|-------------|-------------|--------|---|--------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                                               |  | Three Months Ended June 30, |              |        |             | Six Months Ended June 30, |             |             |
| (in thousands)                                                                                     |  | 2020                        |              | 2019   |             | 2020                      |             | 2019        |
| Net income                                                                                         |  | $                           | 7,969   |   |             | $                         | 6,658  |        |        | $ | 16,058  |   |  | $ | 13,557  |   |
| Other comprehensive income (loss):                                                             |  |                             |              |        |             |                      |             |        |
| Unrealized gains on investment securities:                                                     |  |                             |              |        |             |                           |             |             |
| Unrealized holding gains arising during the period                                                 |  | 5,622                  |         |        | 7,050  |                      |             | 5,814  |   |   | 11,967  |   |
| Plus: reclassification adjustment for net (gains) losses realized in net income                |  | 69                     |         |        | (23)        |                      |             | 75     |   |   | 65      |   |
|                                                                                                    |  |                             |              |        |             |                           |             |             |
| Income tax expense                                                                                 |  | (1,423)                     |         |        | (1,757)     |                      |             | (1,472)     |   |   | (3,008)      |   |
| Other comprehensive income on investment securities                                                |  | 4,268                  |         |        | 5,270  |                      |             | 4,417  |   |   | 9,024   |   |
| Unrealized gains (losses) on derivatives:                                                      |  |                             |              |        |             |                           |             |             |
| Unrealized holding losses arising during the period                                                |  | (2,910)                     |         |        | (4,729)     |                      |             | (24,168)    |   |   | (7,170)      |   |
| Plus: reclassification adjustment for net (gains) losses on derivatives realized in net income |  | 1,038                  |         |        | (114)       |                      |             | 1,363  |   |   | (251)        |   |
| Plus: reclassification adjustment for amortization of derivative termination costs             |  | 15                     |         |        | 24     |                      |             | 31     |   |   | 47      |   |
| Income tax benefit                                                                                 |  | 463                    |         |        | 1,203  |                      |             | 5,692  |   |   | 1,841   |   |
| Other comprehensive loss on derivatives                                                            |  | (1,394)                     |         |        | (3,616)     |                      |             | (17,082)    |   |   | (5,533)      |   |
| Total other comprehensive income (loss)                                                            |  | 2,874                  |         |        | 1,654  |                      |             | (12,665)    |   |   | 3,491   |   |
| Comprehensive income                                                                               |  | $                           | 10,843  |   |             | $                         | 8,312  |        |        | $ | 3,393   |   |  | $ | 17,048  |   |

----

Table of Contents

|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |        |  |               |               |        |               |        |          |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------|--|----------------------------------|---------------|--------------|---------------|------------------|--------|---------------|--------|-------------|---------------|---------------|---|---------------|--------|--|---------------|---------------|--------|---------------|--------|----------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (in thousands, except share and per share data)                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  | Three Months Ended June 30, 2020 |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               | Accumulated   |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        | Additional    |        |             |               | Other         |   |               |
|                                                                                                           |  | Preferred                        |               | Common Stock |               |                  |        | Paid-In       |        | Retained    |               | Comprehensive |   |               |
|                                                                                                           |  | Stock                            |               | Shares       |               | Amount           |        | Capital       |        | Earnings    |               | Income (Loss) |   | Total         |
| Balance, March 31, 2020                                                                                   |  | $                                | —  |         |               | 16,447,272  |   |               | $      | 3,000  |          |               | $ | 27,023   |   |  | $             | 189,470  |   |               | $      | (18,800) |   |  | $ | 200,693  |   |
| Net income                                                                                                |  | —                     |          |              | —  |             |        | —  |   |             | —  |          |   | 7,969    |   |  | —  |          |        | 7,969    |   |
| Other comprehensive income,       net of tax                                                              |  | —                     |          |              | —  |             |        | —  |   |             | —  |          |   | —  |   |  | 2,874    |          |        | 2,874    |   |
| Cash dividends declared, $0.21 per common share                                                           |  | —                     |          |              | —  |             |        | —  |   |             | —  |          |   | (3,458)       |   |  | —  |          |        | (3,458)       |   |
| Stock-based compensation costs                                                                            |  | —                     |          |              | —  |             |        | —  |   |             | 609      |          |   | —  |   |  | —  |          |        | 609      |   |
| Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes |  | —                     |          |              | 22,000   |             |        | —  |   |             | —  |          |   | —  |   |  | —  |          |        | —  |   |
| Balance, June 30, 2020                                                                                    |  | $                                | —  |         |               | 16,469,272  |   |               | $      | 3,000  |          |               | $ | 27,632   |   |  | $             | 193,981  |   |               | $      | (15,926) |   |  | $ | 208,687  |   |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  | Three Months Ended June 30, 2019 |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               | Accumulated   |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        | Additional    |        |             |               | Other         |   |               |
|                                                                                                           |  | Preferred                        |               | Common Stock |               |                  |        | Paid-In       |        | Retained    |               | Comprehensive |   |               |
|                                                                                                           |  | Stock                            |               | Shares       |               | Amount           |        | Capital       |        | Earnings    |               | Income (Loss) |   | Total         |
| Balance, March 31, 2019                                                                                   |  | $                                | —  |         |               | 16,357,752  |   |               | $      | 3,000  |          |               | $ | 24,898   |   |  | $             | 173,349  |   |               | $      | (4,977)  |   |  | $ | 196,270  |   |
| Net income                                                                                                |  | —                     |          |              | —  |             |        | —  |   |             | —  |          |   | 6,658    |   |  | —  |          |        | 6,658    |   |
| Other comprehensive income,       net of tax                                                              |  | —                     |          |              | —  |             |        | —  |   |             | —  |          |   | —  |   |  | 1,654    |          |        | 1,654    |   |
| Cash dividends declared, $0.21 per common share                                                           |  | —                     |          |              | —  |             |        | —  |   |             | —  |          |   | (3,440)       |   |  | —  |          |        | (3,440)       |   |
| Stock-based compensation costs                                                                            |  | —                     |          |              | —  |             |        | —  |   |             | 793      |          |   | —  |   |  | —  |          |        | 793      |   |
| Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes |  | —                     |          |              | 22,000   |             |        | —  |   |             | —  |          |   | —  |   |  | —  |          |        | —  |   |
| Balance, June 30, 2019                                                                                    |  | $                                | —  |         |               | 16,379,752  |   |               | $      | 3,000  |          |               | $ | 25,691   |   |  | $             | 176,567  |   |               | $      | (3,323)  |   |  | $ | 201,935  |   |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
| See Notes to Consolidated Financial Statements.                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                  |               |              |               |                  |        |               |        |             |               |               |   |               |
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Table of Contents

|                                                                                                           |  |                                |               |              |               |                  |        |               |        |             |               |               |   |               |        |  |               |               |         |              |        |          |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------|--|--------------------------------|---------------|--------------|---------------|------------------|--------|---------------|--------|-------------|---------------|---------------|---|---------------|--------|--|---------------|---------------|---------|--------------|--------|----------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (in thousands, except share and per share data)                                                           |  |                                |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  | Six Months Ended June 30, 2020 |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                |               |              |               |                  |        |               |        |             |               | Accumulated   |   |               |
|                                                                                                           |  |                                |               |              |               |                  |        | Additional    |        |             |               | Other         |   |               |
|                                                                                                           |  | Preferred                      |               | Common Stock |               |                  |        | Paid-In       |        | Retained    |               | Comprehensive |   |               |
|                                                                                                           |  | Stock                          |               | Shares       |               | Amount           |        | Capital       |        | Earnings    |               | Loss          |   | Total         |
| Balance, December 31, 2019                                                                                |  | $                              | —  |         |               | 16,379,752  |   |               | $      | 3,000  |          |               | $ | 27,260   |   |  | $             | 184,821  |    |              | $      | (3,261)  |   |  | $ | 211,820  |   |
| Net income                                                                                                |  | —                   |          |              | —  |             |        | —  |   |             | —  |          |   | 16,058   |   |  | —  |          |         | 16,058  |   |
| Other comprehensive loss,    net of tax                                                    |  | —                   |          |              | —  |             |        | —  |   |             | —  |          |   | —  |   |  | (12,665)      |          |         | (12,665)     |   |
| Cash dividends declared, $0.42 per common share                                                           |  | —                   |          |              | —  |             |        | —  |   |             | —  |          |   | (6,898)       |   |  |               |               | (6,898) |         |
| Stock-based compensation costs                                                                            |  | —                   |          |              | —  |             |        | —  |   |             | 1,121    |          |   | —  |   |  | —  |          |         | 1,121   |   |
| Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes |  | —                   |          |              | 89,520   |             |        | —  |   |             | (749)         |          |   | —  |   |  | —  |          |         | (749)        |   |
| Balance, June 30, 2020                                                                                    |  | $                              | —  |         |               | 16,469,272  |   |               | $      | 3,000  |          |               | $ | 27,632   |   |  | $             | 193,981  |    |              | $      | (15,926) |   |  | $ | 208,687  |   |
|                                                                                                           |  |                                |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  | Six Months Ended June 30, 2019 |               |              |               |                  |        |               |        |             |               |               |   |               |
|                                                                                                           |  |                                |               |              |               |                  |        |               |        |             |               | Accumulated   |   |               |
|                                                                                                           |  |                                |               |              |               |                  |        | Additional    |        |             |               | Other         |   |               |
|                                                                                                           |  | Preferred                      |               | Common Stock |               |                  |        | Paid-In       |        | Retained    |               | Comprehensive |   |               |
|                                                                                                           |  | Stock                          |               | Shares       |               | Amount           |        | Capital       |        | Earnings    |               | Income (Loss) |   | Total         |
| Balance, December 31, 2018                                                                                |  | $                              | —  |         |               | 16,295,494  |   |               | $      | 3,000  |          |               | $ | 25,128   |   |  | $             | 169,709  |    |              | $      | (6,814)  |   |  | $ | 191,023  |   |
| Net income                                                                                                |  | —                   |          |              | —  |             |        | —  |   |             | —  |          |   | 13,557   |   |  | —  |          |         | 13,557  |   |
| Other comprehensive income,       net of tax                                                              |  | —                   |          |              | —  |             |        | —  |   |             | —  |          |   | —  |   |  | 3,491    |          |         | 3,491   |   |
| Cash dividends declared, $0.41 per common share                                                           |  | —                   |          |              | —  |             |        | —  |   |             | —  |          |   | (6,699)       |   |  | —  |          |         | (6,699)      |   |
| Stock-based compensation costs                                                                            |  | —                   |          |              | —  |             |        | —  |   |             | 1,424    |          |   | —  |   |  | —  |          |         | 1,424   |   |
| Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes |  | —                   |          |              | 84,258   |             |        | —  |   |             | (861)         |          |   | —  |   |  | —  |          |         | (861)        |   |
| Balance, June 30, 2019                                                                                    |  | $                              | —  |         |               | 16,379,752  |   |               | $      | 3,000  |          |               | $ | 25,691   |   |  | $             | 176,567  |    |              | $      | (3,323)  |   |  | $ | 201,935  |   |

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|                                                                                       |  |                           |               |        |               |        |              |        |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------|--|---------------------------|---------------|--------|---------------|--------|--------------|--------|--|--|--|--|--|--|
|                                                                                       |  | Six Months Ended June 30, |               |        |
| (in thousands)                                                                        |  | 2020                      |               | 2019   |
| Cash Flows from Operating Activities:                                             |  |                           |               |        |
| Net income                                                                            |  | $                         | 16,058   |   |               | $      | 13,557  |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |                           |               |        |
| Provision for loan losses                                                             |  | 4,000                |          |        | —  |   |
| Net amortization and accretion                                                        |  | 1,269                |          |        | 2,026    |   |
| Investment securities losses, net                                                     |  | 75                   |          |        | 65       |   |
| Stock-based compensation                                                              |  | 1,121                |          |        | 1,424    |   |
| Increase in cash value of bank-owned life insurance                                   |  | (294)                     |          |        | (314)         |   |
|                                                                                       |  |                           |               |        |
| Gain on sale of premises                                                              |  | —              |          |        | (307)         |   |
| Depreciation                                                                          |  | 753                  |          |        | 698      |   |
| (Benefit) provision for deferred income taxes                                         |  | (540)                     |          |        | 450      |   |
| Change in assets and liabilities:                                                 |  |                           |               |        |
| Increase in accrued interest receivable                                               |  | (1,333)                   |          |        | (306)         |   |
| Increase in other assets                                                              |  | (119)                     |          |        | (689)         |   |
| Increase in accrued expenses and other liabilities                                    |  | 2,540                |          |        | 9        |   |
| Net cash provided by operating activities                                             |  | 23,530               |          |        | 16,613   |   |
| Cash Flows from Investing Activities:                                             |  |                      |               |   |
| Proceeds from sales of securities available for sale                                  |  | 78,581               |          |        | 145,342  |   |
| Proceeds from maturities and calls of securities available for sale                   |  | 32,814               |          |        | 19,403   |   |
| Purchases of securities available for sale                                            |  | (49,748)                  |          |        | (98,784)      |   |
| Purchases of Federal Home Loan Bank stock                                             |  | (6,853)                   |          |        | (22,378)      |   |
| Proceeds from redemption of Federal Home Loan Bank stock                              |  | 7,037                |          |        | 23,589   |   |
| Net increase in loans                                                                 |  | (257,897)                 |          |        | (70,840)      |   |
| Proceeds from sale of premises                                                        |  | —              |          |        | 604      |   |
| Purchases of premises and equipment                                                   |  | (428)                     |          |        | (394)         |   |
|                                                                                       |  |                           |               |        |
| Net cash used in investing activities                                                 |  | (196,494)                 |          |        | (3,458)       |   |
| Cash Flows from Financing Activities:                                             |  |                      |               |   |
| Net increase in deposits                                                              |  | 240,953              |          |        | 71,258   |   |
| Net increase (decrease) in federal funds purchased                                    |  | 3,095                |          |        | (17,705)      |   |
|                                                                                       |  |                           |               |        |
| Net decrease in Federal Home Loan Bank advances                                       |  | —              |          |        | (10,000)      |   |
| Principal payments on long-term debt                                                  |  | (58)                      |          |        | (4,058)       |   |
| Common stock dividends paid                                                           |  | (6,898)                   |          |        | (6,699)       |   |
| Restricted stock units withheld for payroll taxes                                     |  | (749)                     |          |        | (861)         |   |
| Net cash provided by financing activities                                             |  | 236,343              |          |        | 31,935   |   |
| Net increase in cash and cash equivalents                                             |  | 63,379               |          |        | 45,090   |   |
| Cash and Cash Equivalents:                                                        |  |                           |               |        |
| Beginning                                                                             |  | 53,290               |          |        | 47,474   |   |
| Ending                                                                                |  | $                         | 116,669  |   |               | $      | 92,564  |   |
|                                                                                       |  |                           |               |        |
| Supplemental Disclosures of Cash Flow Information:                                |  |                           |               |        |
| Cash payments for:                                                                |  |                           |               |        |
| Interest                                                                              |  | $                         | 11,377   |   |               | $      | 15,647  |   |
| Income taxes                                                                          |  | 1,020                |          |        | 1,560    |   |
|                                                                                       |  |                           |               |        |
| Supplemental Disclosure of Noncash Investing Activities:                          |  |                           |               |        |
| Establishment of lease liability and right-of-use asset                               |  | $                         | —  |   |               | $      | 10,435  |   |

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|                                                                                                       |                             |             |        |              |                           |             |              |        |   |              |        |  |   |              |        |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------------|-----------------------------|-------------|--------|--------------|---------------------------|-------------|--------------|--------|---|--------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
|                                                                                                       | Three Months Ended June 30, |             |        |              | Six Months Ended June 30, |             |              |
| (in thousands, except per share data)                                                                 | 2020                        |             | 2019   |              | 2020                      |             | 2019         |
| Net income                                                                                            | $                           | 7,969  |   |              | $                         | 6,658  |         |        | $ | 16,058  |   |  | $ | 13,557  |   |
|                                                                                                  |                             |             |        |              |                           |             |              |
| Weighted average common shares outstanding                                                            | 16,464                 |        |        | 16,374  |                      |             | 16,424  |   |   | 16,337  |   |
| Weighted average effect of restricted stock units outstanding                                         | 42                     |        |        | 63      |                      |             | 55      |   |   | 76      |   |
| Diluted weighted average common shares outstanding                                                    | 16,506                 |        |        | 16,437  |                      |             | 16,479  |   |   | 16,413  |   |
|                                                                                                  |                        |             |   |              |                      |             |         |
| Basic earnings per common share                                                                       | $                           | 0.48   |   |              | $                         | 0.41   |         |        | $ | 0.98    |   |  | $ | 0.83    |   |
| Diluted earnings per common share                                                                     | $                           | 0.48   |   |              | $                         | 0.41   |         |        | $ | 0.97    |   |  | $ | 0.83    |   |
| Number of anti-dilutive common stock equivalents excluded from diluted earnings per share computation | 249                    |        |        | 166     |                      |             | 267     |   |   | 195     |   |

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|                                         |                   |               |                      |               |                         |             |               |        |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |
|-----------------------------------------|-------------------|---------------|----------------------|---------------|-------------------------|-------------|---------------|--------|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|
|                                    | June 30, 2020     |               |                      |               |                         |             |               |
|                                    | AmortizedCost     |               | GrossUnrealizedGains |               | GrossUnrealized(Losses) |             | FairValue     |
| Securities available for sale:      |                   |               |                      |               |                         |             |               |
| State and political subdivisions        | $                 | 53,284   |                 |               | $                       | 2,264  |          |        | $ | —  |   |  | $ | 55,548   |   |
| Collateralized mortgage obligations (1) | 160,855      |          |                      | 6,433    |                    |             | (149)         |   |   | 167,139  |   |
| Mortgage-backed securities (1)          | 52,185       |          |                      | 1,125    |                    |             | (41)          |   |   | 53,269   |   |
| Asset-backed securities (2)             | 15,247       |          |                      | 62       |                    |             | (12)          |   |   | 15,297   |   |
| Collateralized loan obligations         | 52,848       |          |                      | 81       |                    |             | (2,465)       |   |   | 50,464   |   |
| Corporate notes and other investments   | 300          |          |                      | —  |                    |             | —  |   |   | 300      |   |
|                                    | $                 | 334,719  |                 |               | $                       | 9,965  |          |        | $ | (2,667)       |   |  | $ | 342,017  |   |
|                                         |                   |               |                      |               |                         |             |               |
|                                         |                   |               |                      |               |                         |             |               |
|                                    | December 31, 2019 |               |                      |               |                         |             |               |
|                                    | AmortizedCost     |               | GrossUnrealizedGains |               | GrossUnrealized(Losses) |             | FairValue     |
| Securities available for sale:      |                   |               |                      |               |                         |             |               |
| State and political subdivisions        | $                 | 45,442   |                 |               | $                       | 1,736  |          |        | $ | —  |   |  | $ | 47,178   |   |
| Collateralized mortgage obligations (1) | 180,899      |          |                      | 1,651    |                    |             | (629)         |   |   | 181,921  |   |
| Mortgage-backed securities (1)          | 73,038       |          |                      | 225      |                    |             | (233)         |   |   | 73,030   |   |
| Asset-backed securities (2)             | 17,551       |          |                      | 66       |                    |             | (17)          |   |   | 17,600   |   |
| Collateralized loan obligations         | 64,939       |          |                      | 21       |                    |             | (128)         |   |   | 64,832   |   |
| Corporate notes and other investments   | 15,300       |          |                      | —  |                    |             | (1,283)       |   |   | 14,017   |   |
|                                    | $                 | 397,169  |                 |               | $                       | 3,699  |          |        | $ | (2,290)       |   |  | $ | 398,578  |   |

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|                                                                                                                       |                |               |            |               |        |               |        |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------------------|----------------|---------------|------------|---------------|--------|---------------|--------|--|--|--|--|
|                                                                                                                  | June 30, 2020  |               |            |
|                                                                                                                  | Amortized Cost |               | Fair Value |
| Due after one year through five years                                                                                 | $              | 19,944   |       |               | $      | 19,311   |   |
| Due after five years through ten years                                                                                | 34,354    |          |            | 32,613   |   |
| Due after ten years                                                                                                   | 52,134    |          |            | 54,388   |   |
|                                                                                                                  | 106,432   |          |            | 106,312  |   |
| Collateralized mortgage obligations, mortgage-backed securities                           and asset-backed securities | 228,287   |          |            | 235,705  |   |
|                                                                                                                  | $              | 334,719  |       |               | $      | 342,017  |   |

|                       |                             |              |        |           |                           |              |             |        |   |              |        |  |   |               |        |  |  |  |  |  |  |  |  |
|-----------------------|-----------------------------|--------------|--------|-----------|---------------------------|--------------|-------------|--------|---|--------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|
|                  | Three Months Ended June 30, |              |        |           | Six Months Ended June 30, |              |             |
|                  | 2020                        |              | 2019   |           | 2020                      |              | 2019        |
| Proceeds from sales   | $                           | 39,504  |   |           | $                         | 83,068  |        |        | $ | 78,581  |   |  | $ | 145,342  |   |
| Gross gains on sales  | 556                    |         |        | 698  |                      |              | 1,455  |   |   | 831     |   |
| Gross losses on sales | 625                    |         |        | 675  |                      |              | 1,530  |   |   | 896     |   |

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|                                       |                     |               |                         |               |                     |               |                         |        |           |               |                         |  |              |         |        |         |        |               |        |  |   |         |        |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------|---------------------|---------------|-------------------------|---------------|---------------------|---------------|-------------------------|--------|-----------|---------------|-------------------------|--|--------------|---------|--------|---------|--------|---------------|--------|--|---|---------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
|                                       | June 30, 2020       |               |                         |               |                     |               |                         |        |           |               |                         |
|                                  | Less than 12 months |               |                         |               | 12 months or longer |               |                         |        | Total     |               |                         |
|                                  | FairValue           |               | GrossUnrealized(Losses) |               | FairValue           |               | GrossUnrealized(Losses) |        | FairValue |               | GrossUnrealized(Losses) |
| Securities available for sale:    |                     |               |                         |               |                     |               |                         |        |           |               |                         |
| Collateralized mortgage obligations   | $                   | —  |                    |               | $                   | —  |                    |        | $         | 17,670   |                    |  | $            | (149)   |   |         | $      | 17,670   |   |  | $ | (149)   |   |
| Mortgage-backed securities            | —        |          |                         | —  |                |               | 4,356              |   |           | (41)          |                    |  | 4,356   |    |        | (41)    |   |
| Asset-backed securities               | 6,831          |          |                         | (12)          |                |               | —            |   |           | —  |                    |  | 6,831   |    |        | (12)    |   |
| Collateralized loan obligations       | 26,164         |          |                         | (1,695)       |                |               | 14,225             |   |           | (770)         |                    |  | 40,389  |    |        | (2,465) |   |
|                                  | $                   | 32,995   |                    |               | $                   | (1,707)       |                    |        | $         | 36,251   |                    |  | $            | (960)   |   |         | $      | 69,246   |   |  | $ | (2,667) |   |
|                                  |                |               |                    |               |                |               |                    |        |      |               |                    |
|                                       |                     |               |                         |               |                     |               |                         |        |           |               |                         |
|                                  | December 31, 2019   |               |                         |               |                     |               |                         |        |           |               |                         |
|                                  | Less than 12 months |               |                         |               | 12 months or longer |               |                         |        | Total     |               |                         |
|                                  | FairValue           |               | GrossUnrealized(Losses) |               | FairValue           |               | GrossUnrealized(Losses) |        | FairValue |               | GrossUnrealized(Losses) |
| Securities available for sale:    |                     |               |                         |               |                     |               |                         |        |           |               |                         |
|                                       |                     |               |                         |               |                     |               |                         |        |           |               |                         |
| Collateralized mortgage obligations   | $                   | 54,521   |                    |               | $                   | (335)         |                    |        | $         | 35,546   |                    |  | $            | (294)   |   |         | $      | 90,067   |   |  | $ | (629)   |   |
| Mortgage-backed securities            | 45,132         |          |                         | (174)         |                |               | 4,687              |   |           | (59)          |                    |  | 49,819  |    |        | (233)   |   |
| Asset-backed securities               | 3,641          |          |                         | (4)           |                |               | 7,075              |   |           | (13)          |                    |  | 10,716  |    |        | (17)    |   |
| Collateralized loan obligations       | 42,823         |          |                         | (128)         |                |               | —            |   |           | —  |                    |  | 42,823  |    |        | (128)   |   |
| Corporate notes and other investments | 4,499          |          |                         | (501)         |                |               | 9,518              |   |           | (782)         |                    |  | 14,017  |    |        | (1,283) |   |
|                                  | $                   | 150,616  |                    |               | $                   | (1,142)       |                    |        | $         | 56,826   |                    |  | $            | (1,148) |   |         | $      | 207,442  |   |  | $ | (2,290) |   |
|                                       |                     |               |                         |               |                     |               |                         |        |           |               |                         |
|                                       |                     |               |                         |               |                     |               |                         |        |           |               |                         |
|                                       |                     |               |                         |               |                     |               |                         |        |           |               |                         |

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Table of Contents

|                                         |                 |                 |                   |                 |        |                 |        |  |  |  |  |
|-----------------------------------------|-----------------|-----------------|-------------------|-----------------|--------|-----------------|--------|--|--|--|--|
|                                    | June 30, 2020   |                 | December 31, 2019 |
| Commercial                              | $               | 619,726    |              |                 | $      | 431,044    |   |
| Real estate:                        |                 |                 |                   |
| Construction, land and land development | 302,911    |            |                   | 264,193    |   |
| 1-4 family residential first mortgages  | 56,551     |            |                   | 54,475     |   |
| Home equity                             | 10,288     |            |                   | 12,380     |   |
| Commercial                              | 1,212,145  |            |                   | 1,175,024  |   |
| Consumer and other                      | 6,060      |            |                   | 6,787      |   |
|                                    | 2,207,681  |            |                   | 1,943,903  |   |
| Net unamortized fees and costs          | (7,993)         |            |                   | (2,240)         |   |
|                                    | $               | 2,199,688  |              |                 | $      | 1,941,663  |   |

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|                                         |                     |               |                          |               |                   |               |                     |        |                          |               |                   |  |               |           |        |               |        |           |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|---------------------|---------------|--------------------------|---------------|-------------------|---------------|---------------------|--------|--------------------------|---------------|-------------------|--|---------------|-----------|--------|---------------|--------|-----------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
|                                         | June 30, 2020       |               |                          |               |                   |               | December 31, 2019   |        |                          |               |                   |
|                                         | Recorded Investment |               | Unpaid Principal Balance |               | Related Allowance |               | Recorded Investment |        | Unpaid Principal Balance |               | Related Allowance |
| With no related allowance recorded: |                     |               |                          |               |                   |               |                     |        |                          |               |                   |
| Commercial                              | $                   | —  |                     |               | $                 | —  |                |        | $                        | —  |              |  | $             | 91   |   |               | $      | 91   |   |  | $ | —  |   |
| Real estate:                        |                     |               |                          |               |                   |               |                     |        |                          |               |                   |
| Construction, land and land development | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
| 1-4 family residential first mortgages  | 390            |          |                          | 390      |              |               | —        |   |                          | 411      |              |  | 411      |      |        | —  |   |
| Home equity                             | —        |          |                          | —  |              |               | —        |   |                          | 31       |              |  | 31       |      |        | —  |   |
| Commercial                              | —        |          |                          | —  |              |               | —        |   |                          | 5        |              |  | 5        |      |        | —  |   |
| Consumer and other                      | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
|                                         | 390            |          |                          | 390      |              |               | —        |   |                          | 538      |              |  | 538      |      |        | —  |   |
| With an allowance recorded:         |                     |               |                          |               |                   |               |                     |        |                          |               |                   |
| Commercial                              | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
| Real estate:                        |                     |               |                          |               |                   |               |                     |        |                          |               |                   |
| Construction, land and land development | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
| 1-4 family residential first mortgages  | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
| Home equity                             | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
| Commercial                              | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
| Consumer and other                      | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
|                                         | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
| Total:                              |                     |               |                          |               |                   |               |                     |        |                          |               |                   |
| Commercial                              | —        |          |                          | —  |              |               | —        |   |                          | 91       |              |  | 91       |      |        | —  |   |
| Real estate:                        |                     |               |                          |               |                   |               |                     |        |                          |               |                   |
| Construction, land and land development | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
| 1-4 family residential first mortgages  | 390            |          |                          | 390      |              |               | —        |   |                          | 411      |              |  | 411      |      |        | —  |   |
| Home equity                             | —        |          |                          | —  |              |               | —        |   |                          | 31       |              |  | 31       |      |        | —  |   |
| Commercial                              | —        |          |                          | —  |              |               | —        |   |                          | 5        |              |  | 5        |      |        | —  |   |
| Consumer and other                      | —        |          |                          | —  |              |               | —        |   |                          | —  |              |  | —  |      |        | —  |   |
|                                         | $                   | 390      |                     |               | $                 | 390      |                |        | $                        | —  |              |  | $             | 538  |   |               | $      | 538  |   |  | $ | —  |   |

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Table of Contents

|                                         |                             |           |                            |               |                             |          |                            |        |                             |               |                            |  |                             |               |                            |               |        |           |               |        |   |               |        |  |   |             |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|-----------------------------|-----------|----------------------------|---------------|-----------------------------|----------|----------------------------|--------|-----------------------------|---------------|----------------------------|--|-----------------------------|---------------|----------------------------|---------------|--------|-----------|---------------|--------|---|---------------|--------|--|---|-------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                         | Three Months Ended June 30, |           |                            |               |                             |          |                            |        | Six Months Ended June 30,   |               |                            |  |                             |               |                            |
|                                         | 2020                        |           |                            |               | 2019                        |          |                            |        | 2020                        |               |                            |  | 2019                        |               |                            |
|                                         | Average Recorded Investment |           | Interest Income Recognized |               | Average Recorded Investment |          | Interest Income Recognized |        | Average Recorded Investment |               | Interest Income Recognized |  | Average Recorded Investment |               | Interest Income Recognized |
| With no related allowance recorded: |                             |           |                            |               |                             |          |                            |        |                             |               |                            |  |                             |               |                            |
| Commercial                              | $                           | 67   |                       |               | $                           | 2   |                       |        | $                           | 906      |                       |  | $                           | —  |                       |               | $      | 77   |          |        | $ | 2        |   |  | $ | 946    |   |  | $ | —  |   |
| Real estate:                        |                             |           |                            |               |                             |          |                            |        |                             |               |                            |  |                             |               |                            |
| Construction, land and land development | —                |      |                            | —  |                        |          | —               |   |                             | —  |                       |  | —                |          |                            | —  |   |           | —  |   |   | —  |   |
| 1-4 family residential first mortgages  | 394                    |      |                            | 3        |                        |          | 40                    |   |                             | 6        |                       |  | 399                    |          |                            | 3        |   |           | 67       |   |   | 6        |   |
| Home equity                             | —                |      |                            | —  |                        |          | 30                    |   |                             | 2        |                       |  | 5                      |          |                            | —  |   |           | 34       |   |   | 2        |   |
| Commercial                              | —                |      |                            | 5        |                        |          | 598                   |   |                             | —  |                       |  | 1                      |          |                            | 10       |   |           | 616      |   |   | —  |   |
| Consumer and other                      | —                |      |                            | —  |                        |          | —               |   |                             | —  |                       |  | —                |          |                            | —  |   |           | —  |   |   | —  |   |
|                                         | 461                    |      |                            | 10       |                        |          | 1,574                 |   |                             | 8        |                       |  | 482                    |          |                            | 15       |   |           | 1,663    |   |   | 8        |   |
| With an allowance recorded:         |                             |           |                            |               |                             |          |                            |        |                             |               |                            |  |                             |               |                            |
| Commercial                              | —                |      |                            | —  |                        |          | 11                    |   |                             | —  |                       |  | —                |          |                            | —  |   |           | 6        |   |   | —  |   |
| Real estate:                        |                             |           |                            |               |                             |          |                            |        |                             |               |                            |  |                             |               |                            |
| Construction, land and land development | —                |      |                            | —  |                        |          | —               |   |                             | —  |                       |  | —                |          |                            | —  |   |           | —  |   |   | —  |   |
| 1-4 family residential first mortgages  | —                |      |                            | —  |                        |          | —               |   |                             | —  |                       |  | —                |          |                            | —  |   |           | —  |   |   | —  |   |
| Home equity                             | —                |      |                            | —  |                        |          | —               |   |                             | —  |                       |  | —                |          |                            | —  |   |           | —  |   |   | —  |   |
| Commercial                              | —                |      |                            | —  |                        |          | 93                    |   |                             | —  |                       |  | —                |          |                            | —  |   |           | 52       |   |   | —  |   |
| Consumer and other                      | —                |      |                            | —  |                        |          | —               |   |                             | —  |                       |  | —                |          |                            | —  |   |           | —  |   |   | —  |   |
|                                         | —                |      |                            | —  |                        |          | 104                   |   |                             | —  |                       |  | —                |          |                            | —  |   |           | 58       |   |   | —  |   |
| Total:                              |                             |           |                            |               |                             |          |                            |        |                             |               |                            |  |                             |               |                            |
| Commercial                              | 67                     |      |                            | 2        |                        |          | 917                   |   |                             | —  |                       |  | 77                     |          |                            | 2        |   |           | 952      |   |   | —  |   |
| Real estate:                        |                             |           |                            |               |                             |          |                            |        |                             |               |                            |  |                             |               |                            |
| Construction, land and land development | —                |      |                            | —  |                        |          | —               |   |                             | —  |                       |  | —                |          |                            | —  |   |           | —  |   |   | —  |   |
| 1-4 family residential first mortgages  | 394                    |      |                            | 3        |                        |          | 40                    |   |                             | 6        |                       |  | 399                    |          |                            | 3        |   |           | 67       |   |   | 6        |   |
| Home equity                             | —                |      |                            | —  |                        |          | 30                    |   |                             | 2        |                       |  | 5                      |          |                            | —  |   |           | 34       |   |   | 2        |   |
| Commercial                              | —                |      |                            | 5        |                        |          | 691                   |   |                             | —  |                       |  | 1                      |          |                            | 10       |   |           | 668      |   |   | —  |   |
| Consumer and other                      | —                |      |                            | —  |                        |          | —               |   |                             | —  |                       |  | —                |          |                            | —  |   |           | —  |   |   | —  |   |
|                                         | $                           | 461  |                       |               | $                           | 10  |                       |        | $                           | 1,678    |                       |  | $                           | 8        |                       |               | $      | 482  |          |        | $ | 15       |   |  | $ | 1,721  |   |  | $ | 8        |   |

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Table of Contents

|                        |                   |               |                   |               |                        |               |               |        |         |               |                  |  |                 |               |        |               |        |                 |                 |        |   |               |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|-------------------|---------------|-------------------|---------------|------------------------|---------------|---------------|--------|---------|---------------|------------------|--|-----------------|---------------|--------|---------------|--------|-----------------|-----------------|--------|---|---------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                        | June 30, 2020     |               |                   |               |                        |               |               |        |         |               |                  |  |                 |
|                        | 30-59Days PastDue |               | 60-89Days PastDue |               | 90 Daysor MorePast Due |               | TotalPast Due |        | Current |               | Nonaccrual Loans |  | Total Loans     |
| Commercial             | $                 | —  |              |               | $                      | —  |          |        | $       | —  |             |  | $               | —  |   |               | $      | 619,726    |            |        | $ | —  |   |  | $ | 619,726    |   |
| Real estate:       |                   |               |                   |               |                        |               |               |        |         |               |                  |  |                 |
| Construction, land and |                   |               |                   |               |                        |               |               |        |         |               |                  |  |                 |
| land development       | —      |          |                   | —  |                   |               | —  |   |         | —  |             |  | 302,911    |          |        | —  |   |                 | 302,911    |   |
| 1-4 family residential |                   |               |                   |               |                        |               |               |        |         |               |                  |  |                 |
| first mortgages        | 15           |          |                   | —  |                   |               | —  |   |         | 15       |             |  | 56,146     |          |        | 390      |   |                 | 56,551     |   |
| Home equity            | —      |          |                   | —  |                   |               | —  |   |         | —  |             |  | 10,288     |          |        | —  |   |                 | 10,288     |   |
| Commercial             | —      |          |                   | —  |                   |               | —  |   |         | —  |             |  | 1,212,145  |          |        | —  |   |                 | 1,212,145  |   |
| Consumer and other     | —      |          |                   | —  |                   |               | —  |   |         | —  |             |  | 6,060      |          |        | —  |   |                 | 6,060      |   |
| Total                  | $                 | 15       |              |               | $                      | —  |          |        | $       | —  |             |  | $               | 15       |   |               | $      | 2,207,276  |            |        | $ | 390      |   |  | $ | 2,207,681  |   |

|                        |                   |               |                   |               |                        |               |               |        |         |               |                  |  |                 |               |        |               |        |                 |                 |        |   |           |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|-------------------|---------------|-------------------|---------------|------------------------|---------------|---------------|--------|---------|---------------|------------------|--|-----------------|---------------|--------|---------------|--------|-----------------|-----------------|--------|---|-----------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                        | December 31, 2019 |               |                   |               |                        |               |               |        |         |               |                  |  |                 |
|                        | 30-59Days PastDue |               | 60-89Days PastDue |               | 90 Daysor MorePast Due |               | TotalPast Due |        | Current |               | Nonaccrual Loans |  | TotalLoans      |
| Commercial             | $                 | —  |              |               | $                      | —  |          |        | $       | —  |             |  | $               | —  |   |               | $      | 430,953    |            |        | $ | 91   |   |  | $ | 431,044    |   |
| Real estate:       |                   |               |                   |               |                        |               |               |        |         |               |                  |  |                 |
| Construction, land and |                   |               |                   |               |                        |               |               |        |         |               |                  |  |                 |
| land development       | —      |          |                   | —  |                   |               | —  |   |         | —  |             |  | 264,193    |          |        | —  |   |                 | 264,193    |   |
| 1-4 family residential |                   |               |                   |               |                        |               |               |        |         |               |                  |  |                 |
| first mortgages        | 76           |          |                   | —  |                   |               | —  |   |         | 76       |             |  | 53,988     |          |        | 411      |   |                 | 54,475     |   |
| Home equity            | —      |          |                   | —  |                   |               | —  |   |         | —  |             |  | 12,349     |          |        | 31       |   |                 | 12,380     |   |
| Commercial             | —      |          |                   | 152      |                   |               | —  |   |         | 152      |             |  | 1,174,867  |          |        | 5        |   |                 | 1,175,024  |   |
| Consumer and other     | —      |          |                   | —  |                   |               | —  |   |         | —  |             |  | 6,787      |          |        | —  |   |                 | 6,787      |   |
| Total                  | $                 | 76       |              |               | $                      | 152      |          |        | $       | —  |             |  | $               | 228      |   |               | $      | 1,943,137  |            |        | $ | 538  |   |  | $ | 1,943,903  |   |

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Table of Contents

|                                         |                 |                 |        |               |             |              |               |        |       |               |        |  |                 |               |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|-----------------|-----------------|--------|---------------|-------------|--------------|---------------|--------|-------|---------------|--------|--|-----------------|---------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                         | June 30, 2020   |                 |        |               |             |              |               |        |       |
|                                         | Pass            |                 | Watch  |               | Substandard |              | Doubtful      |        | Total |
| Commercial                              | $               | 615,796    |   |               | $           | 992     |          |        | $     | 2,938    |   |  | $               | —  |   |  | $ | 619,726    |   |
| Real estate:                        |                 |                 |        |               |             |              |               |        |       |
| Construction, land and land development | 302,851    |            |        | 60       |        |              | —  |   |       | —  |   |  | 302,911    |          |
| 1-4 family residential first mortgages  | 55,557     |            |        | 356      |        |              | 638      |   |       | —  |   |  | 56,551     |          |
| Home equity                             | 10,130     |            |        | 158      |        |              | —  |   |       | —  |   |  | 10,288     |          |
| Commercial                              | 1,184,429  |            |        | 26,819   |        |              | 897      |   |       | —  |   |  | 1,212,145  |          |
| Consumer and other                      | 6,060      |            |        | —  |        |              | —  |   |       | —  |   |  | 6,060      |          |
| Total                                   | $               | 2,174,823  |   |               | $           | 28,385  |          |        | $     | 4,473    |   |  | $               | —  |   |  | $ | 2,207,681  |   |

|                                         |                   |                 |        |               |             |              |               |        |       |               |        |  |                 |               |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|-------------------|-----------------|--------|---------------|-------------|--------------|---------------|--------|-------|---------------|--------|--|-----------------|---------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                         | December 31, 2019 |                 |        |               |             |              |               |        |       |
|                                         | Pass              |                 | Watch  |               | Substandard |              | Doubtful      |        | Total |
| Commercial                              | $                 | 410,070    |   |               | $           | 18,680  |          |        | $     | 2,294    |   |  | $               | —  |   |  | $ | 431,044    |   |
| Real estate:                        |                   |                 |        |               |             |              |               |        |       |
| Construction, land and land development | 264,132      |            |        | 61       |        |              | —  |   |       | —  |   |  | 264,193    |          |
| 1-4 family residential first mortgages  | 52,168       |            |        | 1,841    |        |              | 466      |   |       | —  |   |  | 54,475     |          |
| Home equity                             | 12,349       |            |        | —  |        |              | 31       |   |       | —  |   |  | 12,380     |          |
| Commercial                              | 1,146,472    |            |        | 28,475   |        |              | 77       |   |       | —  |   |  | 1,175,024  |          |
| Consumer and other                      | 6,787        |            |        | —  |        |              | —  |   |       | —  |   |  | 6,787      |          |
| Total                                   | $                 | 1,891,978  |   |               | $           | 49,057  |          |        | $     | 2,868    |   |  | $               | —  |   |  | $ | 1,943,903  |   |

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Table of Contents

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Table of Contents

|                   |                                  |             |                       |               |                        |             |               |        |            |               |                    |  |               |           |        |               |        |              |               |        |   |          |        |  |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------|----------------------------------|-------------|-----------------------|---------------|------------------------|-------------|---------------|--------|------------|---------------|--------------------|--|---------------|-----------|--------|---------------|--------|--------------|---------------|--------|---|----------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                   | Three Months Ended June 30, 2020 |             |                       |               |                        |             |               |        |            |               |                    |  |               |
|                   |                                  |             | Real Estate           |               |                        |             |               |        |            |               |                    |  |               |
|                   | Commercial                       |             | Construction and Land |               | 1-4 Family Residential |             | Home Equity   |        | Commercial |               | Consumer and Other |  | Total         |
| Beginning balance | $                                | 4,131  |                  |               | $                      | 2,595  |          |        | $          | 247      |               |  | $             | 127  |   |               | $      | 11,154  |          |        | $ | 78  |   |  | $ | 18,332  |   |
| Charge-offs       | —                     |        |                       | —  |                   |             | —  |   |            | —  |               |  | —  |      |        | —  |   |              | —  |   |
| Recoveries        | 21                          |        |                       | —  |                   |             | 1        |   |            | 1        |               |  | 3        |      |        | 5        |   |              | 31       |   |
| Provision (1)     | 166                         |        |                       | 705      |                   |             | 83       |   |            | —  |               |  | 2,048    |      |        | (2)           |   |              | 3,000    |   |
| Ending balance    | $                                | 4,318  |                  |               | $                      | 3,300  |          |        | $          | 331      |               |  | $             | 128  |   |               | $      | 13,205  |          |        | $ | 81  |   |  | $ | 21,363  |   |
|                   |                                  |             |                       |               |                        |             |               |        |            |               |                    |  |               |
|                   | Three Months Ended June 30, 2019 |             |                       |               |                        |             |               |        |            |               |                    |  |               |
|                   |                                  |             | Real Estate           |               |                        |             |               |        |            |               |                    |  |               |
|                   | Commercial                       |             | Construction and Land |               | 1-4 Family Residential |             | Home Equity   |        | Commercial |               | Consumer and Other |  | Total         |
| Beginning balance | $                                | 3,528  |                  |               | $                      | 2,597  |          |        | $          | 236      |               |  | $             | 162  |   |               | $      | 10,129  |          |        | $ | 85  |   |  | $ | 16,737  |   |
| Charge-offs       | (55)                             |        |                       | —  |                   |             | —  |   |            | —  |               |  | —  |      |        | —  |   |              | (55)          |   |
| Recoveries        | 38                          |        |                       | —  |                   |             | 6        |   |            | 3        |               |  | 2        |      |        | 6        |   |              | 55       |   |
| Provision (1)     | 221                         |        |                       | (311)         |                   |             | (20)          |   |            | (26)          |               |  | 144      |      |        | (8)           |   |              | —  |   |
| Ending balance    | $                                | 3,732  |                  |               | $                      | 2,286  |          |        | $          | 222      |               |  | $             | 139  |   |               | $      | 10,275  |          |        | $ | 83  |   |  | $ | 16,737  |   |
|                   |                                  |             |                       |               |                        |             |               |        |            |               |                    |  |               |
|                   | Six Months Ended June 30, 2020   |             |                       |               |                        |             |               |        |            |               |                    |  |               |
|                   |                                  |             | Real Estate           |               |                        |             |               |        |            |               |                    |  |               |
|                   | Commercial                       |             | Construction and Land |               | 1-4 Family Residential |             | Home Equity   |        | Commercial |               | Consumer and Other |  | Total         |
| Beginning balance | $                                | 3,875  |                  |               | $                      | 2,375  |          |        | $          | 216      |               |  | $             | 127  |   |               | $      | 10,565  |          |        | $ | 77  |   |  | $ | 17,235  |   |
| Charge-offs       | —                     |        |                       | —  |                   |             | —  |   |            | (1)           |               |  | —  |      |        | —  |   |              | (1)           |   |
| Recoveries        | 44                          |        |                       | —  |                   |             | 71       |   |            | 2        |               |  | 6        |      |        | 6        |   |              | 129      |   |
| Provision (1)     | 399                         |        |                       | 925      |                   |             | 44       |   |            | —  |               |  | 2,634    |      |        | (2)           |   |              | 4,000    |   |
| Ending balance    | $                                | 4,318  |                  |               | $                      | 3,300  |          |        | $          | 331      |               |  | $             | 128  |   |               | $      | 13,205  |          |        | $ | 81  |   |  | $ | 21,363  |   |
|                   |                                  |             |                       |               |                        |             |               |        |            |               |                    |  |               |
|                   | Six Months Ended June 30, 2019   |             |                       |               |                        |             |               |        |            |               |                    |  |               |
|                   |                                  |             | Real Estate           |               |                        |             |               |        |            |               |                    |  |               |
|                   | Commercial                       |             | Construction and Land |               | 1-4 Family Residential |             | Home Equity   |        | Commercial |               | Consumer and Other |  | Total         |
| Beginning balance | $                                | 3,508  |                  |               | $                      | 2,384  |          |        | $          | 250      |               |  | $             | 171  |   |               | $      | 10,301  |          |        | $ | 75  |   |  | $ | 16,689  |   |
| Charge-offs       | (55)                             |        |                       | —  |                   |             | —  |   |            | —  |               |  | —  |      |        | —  |   |              | (55)          |   |
| Recoveries        | 59                          |        |                       | —  |                   |             | 9        |   |            | 23       |               |  | 6        |      |        | 6        |   |              | 103      |   |
| Provision (1)     | 220                         |        |                       | (98)          |                   |             | (37)          |   |            | (55)          |               |  | (32)          |      |        | 2        |   |              | —  |   |
| Ending balance    | $                                | 3,732  |                  |               | $                      | 2,286  |          |        | $          | 222      |               |  | $             | 139  |   |               | $      | 10,275  |          |        | $ | 83  |   |  | $ | 16,737  |   |

----

Table of Contents

|                                       |                   |               |                       |             |                        |               |             |        |            |               |                    |  |              |               |        |          |        |               |              |        |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------|-------------------|---------------|-----------------------|-------------|------------------------|---------------|-------------|--------|------------|---------------|--------------------|--|--------------|---------------|--------|----------|--------|---------------|--------------|--------|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                       | June 30, 2020     |               |                       |             |                        |               |             |        |            |               |                    |  |              |
|                                       |                   |               | Real Estate           |             |                        |               |             |        |            |               |                    |  |              |
|                                       | Commercial        |               | Construction and Land |             | 1-4 Family Residential |               | Home Equity |        | Commercial |               | Consumer and Other |  | Total        |
| Ending balance:                   |                   |               |                       |             |                        |               |             |        |            |               |                    |  |              |
| Individually evaluated for impairment | $                 | —  |                  |             | $                      | —  |        |        | $          | —  |               |  | $            | —  |   |          | $      | —  |         |        | $ | —  |   |  | $ | —  |   |
| Collectively evaluated for impairment | 4,318        |          |                       | 3,300  |                   |               | 331    |   |            | 128      |               |  | 13,205  |          |        | 81  |   |               | 21,363  |   |
| Total                                 | $                 | 4,318    |                  |             | $                      | 3,300    |        |        | $          | 331      |               |  | $            | 128      |   |          | $      | 13,205   |         |        | $ | 81       |   |  | $ | 21,363   |   |
|                                       |                   |               |                       |             |                        |               |             |        |            |               |                    |  |              |
|                                       | December 31, 2019 |               |                       |             |                        |               |             |        |            |               |                    |  |              |
|                                       |                   |               | Real Estate           |             |                        |               |             |        |            |               |                    |  |              |
|                                       | Commercial        |               | Construction and Land |             | 1-4 Family Residential |               | Home Equity |        | Commercial |               | Consumer and Other |  | Total        |
| Ending balance:                   |                   |               |                       |             |                        |               |             |        |            |               |                    |  |              |
| Individually evaluated for impairment | $                 | —  |                  |             | $                      | —  |        |        | $          | —  |               |  | $            | —  |   |          | $      | —  |         |        | $ | —  |   |  | $ | —  |   |
| Collectively evaluated for impairment | 3,875        |          |                       | 2,375  |                   |               | 216    |   |            | 127      |               |  | 10,565  |          |        | 77  |   |               | 17,235  |   |
| Total                                 | $                 | 3,875    |                  |             | $                      | 2,375    |        |        | $          | 216      |               |  | $            | 127      |   |          | $      | 10,565   |         |        | $ | 77       |   |  | $ | 17,235   |   |

|                                       |               |               |                       |               |                        |               |              |        |            |              |                    |  |                 |               |        |             |        |                 |                 |        |   |               |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------|---------------|---------------|-----------------------|---------------|------------------------|---------------|--------------|--------|------------|--------------|--------------------|--|-----------------|---------------|--------|-------------|--------|-----------------|-----------------|--------|---|---------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                       | June 30, 2020 |               |                       |               |                        |               |              |        |            |              |                    |  |                 |
|                                       |               |               | Real Estate           |               |                        |               |              |        |            |              |                    |  |                 |
|                                       | Commercial    |               | Construction and Land |               | 1-4 Family Residential |               | Home Equity  |        | Commercial |              | Consumer and Other |  | Total           |
| Ending balance:                   |               |               |                       |               |                        |               |              |        |            |              |                    |  |                 |
| Individually evaluated for impairment | $             | —  |                  |               | $                      | —  |         |        | $          | 390     |               |  | $               | —  |   |             | $      | —    |            |        | $ | —  |   |  | $ | 390        |   |
| Collectively evaluated for impairment | 619,726  |          |                       | 302,911  |                   |               | 56,161  |   |            | 10,288  |               |  | 1,212,145  |          |        | 6,060  |   |                 | 2,207,291  |   |
| Total                                 | $             | 619,726  |                  |               | $                      | 302,911  |         |        | $          | 56,551  |               |  | $               | 10,288   |   |             | $      | 1,212,145  |            |        | $ | 6,060    |   |  | $ | 2,207,681  |   |

|                                       |                   |               |                       |               |                        |               |              |        |            |              |                    |  |                 |              |        |             |        |                 |                 |        |   |               |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------|-------------------|---------------|-----------------------|---------------|------------------------|---------------|--------------|--------|------------|--------------|--------------------|--|-----------------|--------------|--------|-------------|--------|-----------------|-----------------|--------|---|---------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                       | December 31, 2019 |               |                       |               |                        |               |              |        |            |              |                    |  |                 |
|                                       |                   |               | Real Estate           |               |                        |               |              |        |            |              |                    |  |                 |
|                                       | Commercial        |               | Construction and Land |               | 1-4 Family Residential |               | Home Equity  |        | Commercial |              | Consumer and Other |  | Total           |
| Ending balance:                   |                   |               |                       |               |                        |               |              |        |            |              |                    |  |                 |
| Individually evaluated for impairment | $                 | 91       |                  |               | $                      | —  |         |        | $          | 411     |               |  | $               | 31      |   |             | $      | 5          |            |        | $ | —  |   |  | $ | 538        |   |
| Collectively evaluated for impairment | 430,953      |          |                       | 264,193  |                   |               | 54,064  |   |            | 12,349  |               |  | 1,175,019  |         |        | 6,787  |   |                 | 1,943,365  |   |
| Total                                 | $                 | 431,044  |                  |               | $                      | 264,193  |         |        | $          | 54,475  |               |  | $               | 12,380  |   |             | $      | 1,175,024  |            |        | $ | 6,787    |   |  | $ | 1,943,903  |   |

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|                                         |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |            |   |            |     |  |     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|--|----------------|---------------|------------|-----------|-----------------------|-------------|--------------------------------|--|-----------------------------|--------|-----------------------------------|------------|---|------------|-----|--|-----|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                         |  | NotionalAmount |               | Fair Value |           | Balance SheetCategory |             | Weighted Average Floating Rate |  | Weighted Average Fixed Rate |        | Weighted Average Maturity - Years |
| Cash flow hedges:                   |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |
| June 30, 2020                           |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |
| Interest rate swaps                     |  | $              | 310,000  |       |           | $                     | (27,401)    |                           |  | Other Liabilities           |        | 0.54                         | %          |   | 2.25  | %   |  | 5.2 |
|                                         |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |
| Forward-starting interest rate swaps(1) |  | 25,000    |          |            | (1,130)   |                  |             | Other Liabilities              |  | —                |   |                                   | 1.63  | % |            | 3.2 |
|                                         |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |
| December 31, 2019                       |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |
| Interest rate swaps                     |  | $              | 215,000  |       |           | $                     | (5,786)     |                           |  | Other Liabilities           |        | 1.84                         | %          |   | 2.26  | %   |  | 5.5 |
| Interest rate swaps                     |  | 70,000    |          |            | 403  |                  |             | Other Assets                   |  | 2.62                   | %      |                                   | 2.37  | % |            | 5.2 |
| Forward-starting interest rate swaps(1) |  | 50,000    |          |            | (343)     |                  |             | Other Liabilities              |  | —                |   |                                   | 1.74  | % |            | 6.1 |
|                                         |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |
| Non-hedging derivatives:            |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |
| June 30, 2020                           |  |                |               |            |           |                       |             |                                |  |                             |        |                                   |
| Interest rate swaps - counterparty      |  | $              | 32,296   |       |           | $                     | 1,022  |                           |  | Other Assets                |        | 2.75                         | %          |   | 3.36  | %   |  | 9.8 |
| Interest rate swaps - loan customer     |  | 32,296    |          |            | (1,022)   |                  |             | Other Liabilities              |  | 2.75                   | %      |                                   | 3.36  | % |            | 9.8 |

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|                     |  |                                                 |          |        |  |                                    |         |                           |  |                  |  |   |         |        |  |   |           |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------|--|-------------------------------------------------|----------|--------|--|------------------------------------|---------|---------------------------|--|------------------|--|---|---------|--------|--|---|-----------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                     |  |                                                 |          |        |  | Reclassified from AOCI into Income |         |                           |  |                  |
|                     |  | Amount of Pre-tax Gain (Loss) Recognized in OCI |          |        |  |                                    |         |                           |  |                  |
|                     |  |                                                 |          |        |  |                                    |         | Amount of Gain (Loss)     |  |                  |
|                     |  | Six Months Ended June 30,                       |          |        |  |                                    |         | Six Months Ended June 30, |  |                  |
|                     |  | 2020                                            |          | 2019   |  | Category                           |         | 2020                      |  | 2019             |
| Interest rate swaps |  | $                                               | (24,168) |   |  | $                                  | (7,170) |                      |  | Interest Expense |  | $ | (1,394) |   |  | $ | 204  |   |

|                                                       |               |              |                   |              |        |             |        |  |  |  |  |
|-------------------------------------------------------|---------------|--------------|-------------------|--------------|--------|-------------|--------|--|--|--|--|
|                                                  | June 30, 2020 |              | December 31, 2019 |
| Deferred tax assets:                              |               |              |                   |
| Allowance for loan losses                             | $             | 5,341   |              |              | $      | 4,309  |   |
|                                                       |               |              |                   |
| Net unrealized losses on interest rate swaps          | 7,133    |         |                   | 1,441   |   |
| Lease liabilities                                     | 2,100    |         |                   | 2,275   |   |
| Accrued expenses                                      | 238      |         |                   | 297     |   |
| Restricted stock unit compensation                    | 458      |         |                   | 832     |   |
| State net operating loss carryforward                 | 1,159    |         |                   | 1,114   |   |
| Capital loss carryforward                             | 3        |         |                   | 3       |   |
| Other                                                 | 42       |         |                   | 53      |   |
|                                                       | 16,474   |         |                   | 10,324  |   |
| Deferred tax liabilities:                         |               |              |                   |
| Right-of-use assets                                   | 2,043    |         |                   | 2,218   |   |
| Net deferred loan fees and costs                      | 242      |         |                   | 218     |   |
| Net unrealized gains on securities available for sale | 1,824    |         |                   | 352     |   |
|                                                       |               |              |                   |
| Premises and equipment                                | 841      |         |                   | 839     |   |
| Other                                                 | 240      |         |                   | 219     |   |
|                                                       | 5,190    |         |                   | 3,846   |   |
| Net deferred tax assets before valuation allowance    | 11,284   |         |                   | 6,478   |   |
| Valuation allowance                                   | (1,162)       |         |                   | (1,117)      |   |
| Net deferred tax assets                               | $             | 10,122  |              |              | $      | 5,361  |   |

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Table of Contents

|                                                                  |  |             |             |             |             |               |             |             |        |   |          |        |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------|--|-------------|-------------|-------------|-------------|---------------|-------------|-------------|--------|---|----------|--------|--|--|--|--|--|--|--|--|
|                                                                  |  | Unrealized  |             | Unrealized  |             | Accumulated   |
|                                                                  |  | Gains       |             | Gains       |             | Other         |
|                                                                  |  | (Losses) on |             | (Losses) on |             | Comprehensive |
|                                                                  |  | Securities  |             | Derivatives |             | Income (Loss) |
| Balance, December 31, 2019                                       |  | $           | 1,057  |        |             | $             | (4,318)     |        |        | $ | (3,261)  |   |
| Other comprehensive income (loss) before reclassifications       |  | 4,361  |        |             | (18,126)    |          |             | (13,765)    |   |
| Amounts reclassified from accumulated other comprehensive income |  | 56     |        |             | 1,044  |          |             | 1,100  |   |
| Net current period other comprehensive income (loss)             |  | 4,417  |        |             | (17,082)    |          |             | (12,665)    |   |
| Balance, June 30, 2020                                           |  | $           | 5,474  |        |             | $             | (21,400)    |        |        | $ | (15,926) |   |
|                                                                  |  |             |             |             |             |               |
| Balance, December 31, 2018                                       |  | $           | (8,123)     |        |             | $             | 1,309  |        |        | $ | (6,814)  |   |
| Other comprehensive income (loss) before reclassifications       |  | 8,975  |        |             | (5,378)     |          |             | 3,597  |   |
| Amounts reclassified from accumulated other comprehensive income |  | 49     |        |             | (155)       |          |             | (106)       |   |
| Net current period other comprehensive income (loss)             |  | 9,024  |        |             | (5,533)     |          |             | 3,491  |   |
| Balance, June 30, 2019                                           |  | $           | 901    |        |             | $             | (4,224)     |        |        | $ | (3,323)  |   |

|                              |               |               |                   |             |        |               |        |  |  |  |  |
|------------------------------|---------------|---------------|-------------------|-------------|--------|---------------|--------|--|--|--|--|
|                         | June 30, 2020 |               | December 31, 2019 |
| Commitments to extend credit | $             | 725,152  |              |             | $      | 672,117  |   |
| Standby letters of credit    | 15,450   |          |                   | 8,029  |   |
|                         | $             | 740,602  |              |             | $      | 680,146  |   |

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Table of Contents

|                                               |  |               |              |         |               |         |               |               |        |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|---------------|--------------|---------|---------------|---------|---------------|---------------|--------|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                          |  | June 30, 2020 |              |         |               |         |               |               |
|                                               |  | Total         |              | Level 1 |               | Level 2 |               | Level 3       |
| Financial assets:                         |  |               |              |         |               |         |               |               |
| Investment securities available for sale: |  |               |              |         |               |         |               |               |
| State and political subdivisions              |  | $             | 55,548  |    |               | $       | —  |          |        | $ | 55,548   |   |  | $ | —  |   |
| Collateralized mortgage obligations           |  | 167,139  |         |         | —  |    |               | 167,139  |   |   | —  |   |
| Mortgage-backed securities                    |  | 53,269   |         |         | —  |    |               | 53,269   |   |   | —  |   |
| Asset-backed securities                       |  | 15,297   |         |         | —  |    |               | 15,297   |   |   | —  |   |
| Collateralized loan obligations               |  | 50,464   |         |         | —  |    |               | 50,464   |   |   | —  |   |
| Corporate notes and other investments         |  | 300      |         |         | —  |    |               | 300      |   |   | —  |   |
| Derivative instruments, interest rate swaps   |  | 1,022    |         |         | —  |    |               | 1,022    |   |   | —  |   |
|                                               |  |               |              |         |               |         |               |               |
| Financial liabilities:                    |  |               |              |         |               |         |               |               |
| Derivative instruments, interest rate swaps   |  | $             | 29,553  |    |               | $       | —  |          |        | $ | 29,553   |   |  | $ | —  |   |

|                                               |  |                   |              |         |               |         |               |               |        |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|-------------------|--------------|---------|---------------|---------|---------------|---------------|--------|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                          |  | December 31, 2019 |              |         |               |         |               |               |
|                                               |  | Total             |              | Level 1 |               | Level 2 |               | Level 3       |
| Financial assets:                         |  |                   |              |         |               |         |               |               |
| Investment securities available for sale: |  |              |              |    |               |    |               |          |
| State and political subdivisions              |  | $                 | 47,178  |    |               | $       | —  |          |        | $ | 47,178   |   |  | $ | —  |   |
| Collateralized mortgage obligations           |  | 181,921      |         |         | —  |    |               | 181,921  |   |   | —  |   |
| Mortgage-backed securities                    |  | 73,030       |         |         | —  |    |               | 73,030   |   |   | —  |   |
| Asset-backed securities                       |  | 17,600       |         |         | —  |    |               | 17,600   |   |   | —  |   |
| Collateralized loan obligations               |  | 64,832       |         |         | —  |    |               | 64,832   |   |   | —  |   |
| Corporate notes and other investments         |  | 14,017       |         |         | —  |    |               | 14,017   |   |   | —  |   |
| Derivative instruments, interest rate swaps   |  | 403          |         |         | —  |    |               | 403      |   |   | —  |   |
|                                               |  |                   |              |         |               |         |               |               |
| Financial liabilities:                    |  |                   |              |         |               |         |               |               |
| Derivative instrument, interest rate swap     |  | $                 | 6,129   |    |               | $       | —  |          |        | $ | 6,129    |   |  | $ | —  |   |

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|                                              |                            |  |                 |                 |                        |                 |                   |                 |                        |        |   |                 |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|----------------------------|--|-----------------|-----------------|------------------------|-----------------|-------------------|-----------------|------------------------|--------|---|-----------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
|                                              |                            |  | June 30, 2020   |                 |                        |                 | December 31, 2019 |                 |                        |
|                                         | Fair Value Hierarchy Level |  | Carrying Amount |                 | Approximate Fair Value |                 | Carrying Amount   |                 | Approximate Fair Value |
| Financial assets:                        |                            |  |                 |                 |                        |                 |                   |                 |                        |
| Cash and due from banks                      | Level 1                    |  | $               | 54,175     |                   |                 | $                 | 54,175     |                   |        | $ | 37,808     |   |  | $ | 37,808     |   |
| Federal funds sold                           | Level 1                    |  | 62,494     |            |                        | 62,494     |              |                 | 15,482            |   |   | 15,482     |   |
| Investment securities available for sale     | Level 2                    |  | 342,017    |            |                        | 342,017    |              |                 | 398,578           |   |   | 398,578    |   |
| Federal Home Loan Bank stock                 | Level 1                    |  | 12,307     |            |                        | 12,307     |              |                 | 12,491            |   |   | 12,491     |   |
| Loans, net                                   | Level 2                    |  | 2,178,325  |            |                        | 2,254,417  |              |                 | 1,924,428         |   |   | 1,941,208  |   |
| Accrued interest receivable                  | Level 1                    |  | 8,467      |            |                        | 8,467      |              |                 | 7,134             |   |   | 7,134      |   |
| Interest rate swaps                          | Level 2                    |  | 1,022      |            |                        | 1,022      |              |                 | 403               |   |   | 403        |   |
| Financial liabilities:                   |                            |  |                 |                 |                        |                 |                   |                 |                        |
| Deposits                                     | Level 2                    |  | $               | 2,255,709  |                   |                 | $                 | 2,256,958  |                   |        | $ | 2,014,756  |   |  | $ | 2,015,427  |   |
| Federal funds purchased                      | Level 1                    |  | 5,755      |            |                        | 5,755      |              |                 | 2,660             |   |   | 2,660      |   |
| Subordinated notes, net                      | Level 2                    |  | 20,445     |            |                        | 13,477     |              |                 | 20,438            |   |   | 18,568     |   |
| Federal Home Loan Bank advances, net         | Level 2                    |  | 179,869    |            |                        | 179,869    |              |                 | 179,365           |   |   | 179,365    |   |
| Long-term debt                               | Level 2                    |  | 22,867     |            |                        | 22,862     |              |                 | 22,925            |   |   | 22,910     |   |
| Accrued interest payable                     | Level 1                    |  | 1,359      |            |                        | 1,359      |              |                 | 2,070             |   |   | 2,070      |   |
| Interest rate swaps                          | Level 2                    |  | 29,553     |            |                        | 29,553     |              |                 | 6,129             |   |   | 6,129      |   |
| Off-balance-sheet financial instruments: |                            |  |                 |                 |                        |                 |                   |                 |                        |
| Commitments to extend credit                 | Level 3                    |  | —    |            |                        | —    |              |                 | —           |   |   | —    |   |
| Standby letters of credit                    | Level 3                    |  | —    |            |                        | —    |              |                 | —           |   |   | —    |   |

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Table of Contents

|                                                                                            |  |                             |              |        |                 |                           |              |                 |        |   |                 |        |  |   |              |        |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--|-----------------------------|--------------|--------|-----------------|---------------------------|--------------|-----------------|--------|---|-----------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                                       |  | Three Months Ended June 30, |              |        |                 | Six Months Ended June 30, |              |                 |
|                                                                                            |  | 2020                        |              | 2019   |                 | 2020                      |              | 2019            |
| Reconciliation of net interest income and net interest margin on an FTE basis to GAAP: |  |                             |              |        |                 |                           |              |                 |
| Net interest income (GAAP)                                                                 |  | $                           | 20,747  |   |                 | $                         | 16,038  |            |        | $ | 39,211     |   |  | $ | 31,927  |   |
| Tax-equivalent adjustment (1)                                                              |  | 194                    |         |        | 200        |                      |              | 372        |   |   | 472        |   |
| Net interest income on an FTE basis (non-GAAP)                                             |  | 20,941                 |         |        | 16,238     |                      |              | 39,583     |   |   | 32,399     |   |
| Average interest-earning assets                                                            |  | 2,572,211              |         |        | 2,224,024  |                      |              | 2,496,354  |   |   | 2,206,394  |   |
| Net interest margin on an FTE basis (non-GAAP)                                             |  | 3.27                   | %            |        | 2.93       | %                         |              | 3.19       | %      |   | 2.96       | %      |
|                                                                                            |  |                             |              |        |                 |                           |              |                 |
| Reconciliation of efficiency ratio on an FTE basis to GAAP:                            |  |                             |              |        |                 |                           |              |                 |
| Net interest income on an FTE basis (non-GAAP)                                             |  | $                           | 20,941  |   |                 | $                         | 16,238  |            |        | $ | 39,583     |   |  | $ | 32,399  |   |
| Noninterest income                                                                         |  | 1,775                  |         |        | 1,999      |                      |              | 4,295      |   |   | 4,118      |   |
| Adjustment for realized investment securities (gains) losses, net                          |  | 69                     |         |        | (23)            |                      |              | 75         |   |   | 65         |   |
| Adjustment for (gain) loss on sale of fixed assets                                         |  | —                |         |        | —    |                      |              | 2          |   |   | (307)           |   |
| Adjusted income                                                                            |  | 22,785                 |         |        | 18,214     |                      |              | 43,955     |   |   | 36,275     |   |
| Noninterest expense                                                                        |  | 9,417                  |         |        | 9,750      |                      |              | 19,080     |   |   | 19,294     |   |
| Efficiency ratio on an adjusted and FTE basis (non-GAAP) (2)                               |  | 41.33                  | %            |        | 53.53      | %                         |              | 43.41      | %      |   | 53.19      | %      |

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|                          |                                                  |  |                                                     |  |                                                     |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------|--------------------------------------------------|--|-----------------------------------------------------|--|-----------------------------------------------------|--|--|--|--|--|--|--|--|--|--|--|--|
|                          | West Bancorporation, Inc.                        |  |                                                     |  | Peer Group Range(3)                                 |
|                          | As of and for the six months ended June 30, 2020 |  | As of and for the three months ended March 31, 2020 |  | As of and for the three months ended March 31, 2020 |
| Return on average equity | 15.61%                                           |  | 15.54%                                              |  | -1.53% - 13.04%                                     |
| Efficiency ratio(1) (2)  | 43.41%                                           |  | 45.64%                                              |  | 50.13% - 74.01%                                     |
| Texas ratio(2)           | 0.17%                                            |  | 0.22%                                               |  | 1.77% - 15.78%                                      |

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|                                        |                             |             |        |                 |        |             |               |        |                           |             |        |             |                 |        |             |                 |              |            |               |        |              |             |   |   |             |        |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------|-----------------------------|-------------|--------|-----------------|--------|-------------|---------------|--------|---------------------------|-------------|--------|-------------|-----------------|--------|-------------|-----------------|--------------|------------|---------------|--------|--------------|-------------|---|---|-------------|--------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                   | Three Months Ended June 30, |             |        |                 |        |             |               |        | Six Months Ended June 30, |             |        |             |                 |        |             |
|                                   | 2020                        |             | 2019   |                 | Change |             | Change %      |        | 2020                      |             | 2019   |             | Change          |        | Change %    |
| Net income                             | $                           | 7,969  |   |                 | $      | 6,658  |          |        | $                         | 1,311  |   |             | 19.69      | %      |             | $               | 16,058  |       |               | $      | 13,557  |        |   | $ | 2,501  |   |  | 18.45  | % |
| Average assets                         | 2,700,720              |        |        | 2,332,190  |   |             | 368,530  |   |                           | 15.80  | %      |             | 2,616,175  |   |             | 2,312,602  |         |            | 303,573  |   |              | 13.13  | % |
| Average stockholders' equity           | 204,387                |        |        | 197,880    |   |             | 6,507    |   |                           | 3.29   | %      |             | 206,896    |   |             | 195,518    |         |            | 11,378   |   |              | 5.82   | % |
|                                        |                             |             |        |                 |        |             |               |        |                           |             |        |             |                 |        |             |
| Return on average assets               | 1.19                   | %           |        | 1.14       | %      |             | 0.05     | %      |                           |             |        | 1.23   | %               |        | 1.18   | %               |              | 0.05  | %             |        |         |
| Return on average equity               | 15.68                  | %           |        | 13.49      | %      |             | 2.19     | %      |                           |             |        | 15.61  | %               |        | 13.98  | %               |              | 1.63  | %             |        |         |
| Net interest margin (1)                | 3.27                   | %           |        | 2.93       | %      |             | 0.34     | %      |                           |             |        | 3.19   | %               |        | 2.96   | %               |              | 0.23  | %             |        |              |
| Efficiency ratio (1) (2)               | 41.33                  | %           |        | 53.53      | %      |             | (12.20)       | %      |                           |             |        | 43.41  | %               |        | 53.19  | %               |              | (9.78)     | %             |        |              |
| Dividend payout ratio                  | 43.40                  | %           |        | 51.67      | %      |             | (8.27)        | %      |                           |             |        | 42.96  | %               |        | 49.41  | %               |              | (6.45)     | %             |        |         |
| Average equity to average assets ratio | 7.57                   | %           |        | 8.48       | %      |             | (0.91)        | %      |                           |             |        | 7.91   | %               |        | 8.45   | %               |              | (0.54)     | %             |        |         |
|                                        |                             |             |        |                 |        |             |               |        |                           |             |        |             |                 |        |             |
|                                        |                             |             |        |                 |        |             |               |        | As of June 30,            |             |        |             |                 |        |             |
|                                        |                             |             |        |                 |        |             |               |        | 2020                      |             | 2019   |             | Change          |        |             |
| Texas ratio (2)                        |                             |             |        |                 |        |             |               |        | 0.17                 | %           |        | 0.72   | %               |        | (0.55)      | %               |              |            |
| Equity to assets ratio                 |                             |             |        |                 |        |             |               |        | 7.62                 | %           |        | 8.55   | %               |        | (0.93)      | %               |              |       |
| Tangible common equity ratio           |                             |             |        |                 |        |             |               |        | 7.62                 | %           |        | 8.55   | %               |        | (0.93)      | %               |              |       |

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|                                              |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |            |            |        |            |        |  |            |   |  |            |   |  |            |   |  |        |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|-----------------|-----------------|--------|-----------------|--------|-----------------|---------------|--------|-----------------------------|---------------|--------|--|--------------|--------------|----------|--------------|----------------|-------------|--------------|------------|-------------|------------|------------|--------|------------|--------|--|------------|---|--|------------|---|--|------------|---|--|--------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Data for the three months ended June 30: |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
|                                              |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
|                                              | Average Balance |                 |        |                 |        |                 |               |        | Interest Income/Expense |               |        |  |              |              |          |              | Yield/Rate |             |              |            |             |
|                                         | 2020            |                 | 2019   |                 | Change |                 | Change-%      |        | 2020                        |               | 2019   |  | Change       |              | Change-% |              | 2020           |             | 2019         |            | Change      |
| Interest-earning assets:                 |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| Loans: (1) (2)                           |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| Commercial                                   | $               | 582,605    |   |                 | $      | 384,491    |          |        | $                           | 198,114  |   |  | 51.53   | %            |          | $            | 5,362     |        |              | $          | 4,923  |       |            | $      | 439   |   |  | 8.92  | % |  | 3.70  | % |  | 5.14  | % |  | (1.44) | % |
| Real estate (3)                              | 1,559,152  |            |        | 1,377,528  |   |                 | 181,624  |   |                             | 13.18    | %      |  | 17,022  |         |          | 16,198  |           |             | 824     |       |             | 5.09  | %          |        | 4.39  | %      |  | 4.72  | % |  | (0.33)     | % |
| Consumer and other                           | 6,215      |            |        | 6,576      |   |                 | (361)         |   |                             | (5.49)        | %      |  | 66      |         |          | 82      |           |             | (16)         |       |             | (19.51)    | %          |        | 4.29  | %      |  | 4.96  | % |  | (0.67)     | % |
| Total loans                                  | 2,147,972  |            |        | 1,768,595  |   |                 | 379,377  |   |                             | 21.45    | %      |  | 22,450  |         |          | 21,203  |           |             | 1,247   |       |             | 5.88  | %          |        | 4.20  | %      |  | 4.81  | % |  | (0.61)     | % |
|                                         |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |              |            |        |
| Investment securities:                   |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Taxable                                      | 329,780    |            |        | 370,274    |   |                 | (40,494)      |   |                             | (10.94)       | %      |  | 1,994   |         |          | 2,632   |           |             | (638)        |       |             | (24.24)    | %          |        | 2.42  | %      |  | 2.84  | % |  | (0.42)     | % |
| Tax-exempt (3)                               | 45,488     |            |        | 65,976     |   |                 | (20,488)      |   |                             | (31.05)       | %      |  | 395     |         |          | 590     |           |             | (195)        |       |             | (33.05)    | %          |        | 3.46  | %      |  | 3.58  | % |  | (0.12)     | % |
| Total investment securities                  | 375,268    |            |        | 436,250    |   |                 | (60,982)      |   |                             | (13.98)       | %      |  | 2,389   |         |          | 3,222   |           |             | (833)        |       |             | (25.85)    | %          |        | 2.55  | %      |  | 2.95  | % |  | (0.40)     | % |
|                                         |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Federal funds sold                           | 48,971     |            |        | 19,179     |   |                 | 29,792   |   |                             | 155.34   | %      |  | 12      |         |          | 110     |           |             | (98)         |       |             | (89.09)    | %          |        | 0.10  | %      |  | 2.30  | % |  | (2.20)     | % |
| Total interest-earning assets (3)            | $               | 2,572,211  |   |                 | $      | 2,224,024  |          |        | $                           | 348,187  |   |  | 15.66   | %            |          | 24,851  |           |             | 24,535  |       |             | 316   |       |        | 1.29  | %      |  | 3.89  | % |  | 4.42  | % |  | (0.53)     | % |
|                                         |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Interest-bearing liabilities:            |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Deposits:                                |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Interest-bearing demand,                     |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| savings and money                            |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| market                                       | $               | 1,453,322  |   |                 | $      | 1,316,525  |          |        | $                           | 136,797  |   |  | 10.39   | %            |          | 1,317   |           |             | 5,218   |       |             | (3,901)    |       |        | (74.76)    | %      |  | 0.36  | % |  | 1.59  | % |  | (1.23)     | % |
| Time deposits                                | 237,951    |            |        | 262,177    |   |                 | (24,226)      |   |                             | (9.24)        | %      |  | 1,034   |         |          | 1,452   |           |             | (418)        |       |             | (28.79)    | %          |        | 1.75  | %      |  | 2.22  | % |  | (0.47)     | % |
| Total deposits                               | 1,691,273  |            |        | 1,578,702  |   |                 | 112,571  |   |                             | 7.13     | %      |  | 2,351   |         |          | 6,670   |           |             | (4,319)      |       |             | (64.75)    | %          |        | 0.56  | %      |  | 1.69  | % |  | (1.13)     | % |
| Other borrowed funds                         | 229,847    |            |        | 164,525    |   |                 | 65,322   |   |                             | 39.70    | %      |  | 1,559   |         |          | 1,627   |           |             | (68)         |       |             | (4.18)     | %          |        | 2.73  | %      |  | 3.97  | % |  | (1.24)     | % |
| Total interest-bearing                       |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| liabilities                                  | $               | 1,921,120  |   |                 | $      | 1,743,227  |          |        | $                           | 177,893  |   |  | 10.20   | %            |          | 3,910   |           |             | 8,297   |       |             | (4,387)    |       |        | (52.87)    | %      |  | 0.82  | % |  | 1.91  | % |  | (1.09)     | % |
|                                         |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Tax-equivalent net interest income (FTE) (4) |                 |                 |        |                 |   |                 |          |        | $                           | 20,941   |   |  | $            | 16,238  |     |              | $              | 4,703  |         |            | 28.96  | %          |            |   |            |   |  |       |
| Net interest spread (FTE)                    |                 |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              | 3.07      | %           |              | 2.51  | %           |            | 0.56  | %      |
| Net interest margin (FTE) (4)                |                 |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              | 3.27      | %           |              | 2.93  | %           |            | 0.34  | %      |

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|                                            |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |             |            |        |            |        |  |            |   |  |            |   |  |            |   |  |        |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------|-----------------|-----------------|--------|-----------------|--------|-----------------|---------------|--------|-----------------------------|---------------|--------|--|--------------|--------------|----------|--------------|----------------|-------------|--------------|------------|-------------|-------------|------------|--------|------------|--------|--|------------|---|--|------------|---|--|------------|---|--|--------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Data for the six months ended June 30: |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
|                                            |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
|                                            | Average Balance |                 |        |                 |        |                 |               |        | Interest Income/Expense |               |        |  |              |              |          |              | Yield/Rate |             |              |            |             |
|                                       | 2020            |                 | 2019   |                 | Change |                 | Change-%      |        | 2020                        |               | 2019   |  | Change       |              | Change-% |              | 2020           |             | 2019         |            | Change      |
| Interest-earning assets:               |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| Loans: (1) (2)                         |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| Commercial                                 | $               | 508,963    |   |                 | $      | 374,433    |          |        | $                           | 134,530  |   |  | 35.93   | %            |          | $            | 10,378    |        |              | $          | 9,540  |        |            | $      | 838   |   |  | 8.78  | % |  | 4.10  | % |  | 5.14  | % |  | (1.04) | % |
| Real estate (3)                            | 1,541,142  |            |        | 1,370,845  |   |                 | 170,297  |   |                             | 12.42    | %      |  | 34,350  |         |          | 31,982  |           |             | 2,368   |       |             | 7.40   | %          |        | 4.48  | %      |  | 4.70  | % |  | (0.22)     | % |
| Consumer and other                         | 6,547      |            |        | 6,506      |   |                 | 41       |   |                             | 0.63     | %      |  | 146     |         |          | 159     |           |             | (13)         |       |             | (8.18)      | %          |        | 4.50  | %      |  | 4.92  | % |  | (0.42)     | % |
| Total loans                                | 2,056,652  |            |        | 1,751,784  |   |                 | 304,868  |   |                             | 17.40    | %      |  | 44,874  |         |          | 41,681  |           |             | 3,193   |       |             | 7.66   | %          |        | 4.39  | %      |  | 4.80  | % |  | (0.41)     | % |
|                                       |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |              |            |        |
| Investment securities:                 |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Taxable                                    | 341,866    |            |        | 345,720    |   |                 | (3,854)       |   |                             | (1.11)        | %      |  | 4,377   |         |          | 4,960   |           |             | (583)        |       |             | (11.75)     | %          |        | 2.56  | %      |  | 2.87  | % |  | (0.31)     | % |
| Tax-exempt (3)                             | 43,413     |            |        | 91,223     |   |                 | (47,810)      |   |                             | (52.41)       | %      |  | 757     |         |          | 1,609   |           |             | (852)        |       |             | (52.95)     | %          |        | 3.49  | %      |  | 3.53  | % |  | (0.04)     | % |
| Total investment securities                | 385,279    |            |        | 436,943    |   |                 | (51,664)      |   |                             | (11.82)       | %      |  | 5,134   |         |          | 6,569   |           |             | (1,435)      |       |             | (21.85)     | %          |        | 2.67  | %      |  | 3.01  | % |  | (0.34)     | % |
|                                       |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Federal funds sold                         | 54,423     |            |        | 17,667     |   |                 | 36,756   |   |                             | 208.05   | %      |  | 241     |         |          | 208     |           |             | 33      |       |             | 15.87  | %          |        | 0.89  | %      |  | 2.37  | % |  | (1.48)     | % |
| Total interest-earning assets (3)          | $               | 2,496,354  |   |                 | $      | 2,206,394  |          |        | $                           | 289,960  |   |  | 13.14   | %            |          | 50,249  |           |             | 48,458  |       |             | 1,791  |       |        | 3.70  | %      |  | 4.05  | % |  | 4.43  | % |  | (0.38)     | % |
|                                       |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Interest-bearing liabilities:          |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Deposits:                              |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Interest-bearing demand,                   |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| savings and money                          |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| market                                     | $               | 1,433,888  |   |                 | $      | 1,318,526  |          |        | $                           | 115,362  |   |  | 8.75    | %            |          | 4,953   |           |             | 10,245  |       |             | (5,292)     |       |        | (51.65)    | %      |  | 0.69  | % |  | 1.57  | % |  | (0.88)     | % |
| Time deposits                              | 249,615    |            |        | 231,055    |   |                 | 18,560   |   |                             | 8.03     | %      |  | 2,444   |         |          | 2,389   |           |             | 55      |       |             | 2.30   | %          |        | 1.97  | %      |  | 2.09  | % |  | (0.12)     | % |
| Total deposits                             | 1,683,503  |            |        | 1,549,581  |   |                 | 133,922  |   |                             | 8.64     | %      |  | 7,397   |         |          | 12,634  |           |             | (5,237)      |       |             | (41.45)     | %          |        | 0.88  | %      |  | 1.64  | % |  | (0.76)     | % |
| Other borrowed funds                       | 231,167    |            |        | 175,300    |   |                 | 55,867   |   |                             | 31.87    | %      |  | 3,269   |         |          | 3,425   |           |             | (156)        |       |             | (4.55)      | %          |        | 2.84  | %      |  | 3.94  | % |  | (1.10)     | % |
| Total interest-bearing                     |                 |                 |        |                 |        |                 |               |        |                             |               |        |  |              |              |          |              |                |             |              |            |             |
| liabilities                                | $               | 1,914,670  |   |                 | $      | 1,724,881  |          |        | $                           | 189,789  |   |  | 11.00   | %            |          | 10,666  |           |             | 16,059  |       |             | (5,393)     |       |        | (33.58)    | %      |  | 1.12  | % |  | 1.88  | % |  | (0.76)     | % |
|                                       |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              |           |             |         |            |        |
| Net interest income (FTE) (4)              |                 |                 |        |                 |   |                 |          |        | $                           | 39,583   |   |  | $            | 32,399  |     |              | $              | 7,184  |         |            | 22.17  | %           |            |   |            |   |  |       |
| Net interest spread (FTE)                  |            |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              | 2.93      | %           |              | 2.55  | %           |             | 0.38  | %      |
| Net interest margin (FTE) (4)              |                 |                 |   |                 |   |                 |          |        |                        |               |   |  |         |              |     |              | 3.19      | %           |              | 2.96  | %           |             | 0.23  | %      |

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|                                                                                                 |                             |                 |        |               |        |                 |                           |        |            |             |        |                 |               |              |        |                 |        |              |        |  |   |             |        |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------|-----------------------------|-----------------|--------|---------------|--------|-----------------|---------------------------|--------|------------|-------------|--------|-----------------|---------------|--------------|--------|-----------------|--------|--------------|--------|--|---|-------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                            | Three Months Ended June 30, |                 |        |               |        |                 | Six Months Ended June 30, |        |            |             |        |
|                                                                                            | 2020                        |                 | 2019   |               | Change |                 | 2020                      |        | 2019       |             | Change |
| Balance at beginning of period                                                                  | $                           | 18,332     |   |               | $      | 16,737     |                      |        | $          | 1,595  |   |                 | $             | 17,235  |   |                 | $      | 16,689  |   |  | $ | 546    |   |
| Charge-offs                                                                                     | —                |            |        | (55)          |   |                 | 55                   |   |            | (1)         |   |                 | (55)          |         |        | 54         |   |
| Recoveries                                                                                      | 31                     |            |        | 55       |   |                 | (24)                      |   |            | 129    |   |                 | 103      |         |        | 26         |   |
| Net recoveries                                                                                  | 31                     |            |        | —  |   |                 | 31                   |   |            | 128    |   |                 | 48       |         |        | 80         |   |
| Provision for loan losses charged to operations                                                 | 3,000                  |            |        | —  |   |                 | 3,000                |   |            | 4,000  |   |                 | —  |         |        | 4,000      |   |
| Balance at end of period                                                                        | $                           | 21,363     |   |               | $      | 16,737     |                      |        | $          | 4,626  |   |                 | $             | 21,363  |   |                 | $      | 16,737  |   |  | $ | 4,626  |   |
|                                                                                                 |                             |                 |        |               |        |                 |                           |        |            |             |        |
| Average loans outstanding                                                                       | $                           | 2,147,972  |   |               | $      | 1,768,595  |                      |        |            |             | $      | 2,056,652  |          |              | $      | 1,751,784  |   |              |        |
|                                                                                                 |                             |                 |        |               |        |                 |                           |        |            |             |        |
| Ratio of annualized net (charge-offs) recoveries during the period to average loans outstanding | 0.01                   | %               |        | 0.00     | %      |                 |                           |        | 0.02  | %           |        | 0.01       | %             |              |        |
|                                                                                                 |                             |                 |        |               |        |                 |                           |        |            |             |        |
| Ratio of allowance for loan losses to average loans outstanding                                 | 0.99                   | %               |        | 0.95     | %      |                 |                           |        | 1.04  | %           |        | 0.96       | %             |              |        |
|                                                                                                 |                             |                 |        |               |        |                 |                           |        |            |             |        |
| Ratio of allowance for loan losses to total loans at end of period                              | 0.97                   | %               |        | 0.93     | %      |                 |                           |        | 0.97  | %           |        | 0.93       | %             |              |        |
|                                                                                                 |                             |                 |        |               |        |                 |                           |        |            |             |        |
| Ratio of allowance for loan losses to total loans at end of period, excluding PPP loans         | 1.08                   | %               |        | 0.93     | %      |                 |                           |        | 1.08  | %           |        | 0.93       | %             |              |        |

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|                                                     |                             |             |        |               |        |             |           |        |   |             |        |  |            |   |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|-----------------------------|-------------|--------|---------------|--------|-------------|-----------|--------|---|-------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|
|                                                     | Three Months Ended June 30, |             |        |               |        |             |           |
| Noninterest income:                             | 2020                        |             | 2019   |               | Change |             | Change %  |
| Service charges on deposit accounts                 | $                           | 531    |   |               | $      | 600    |      |        | $ | (69)        |   |  | (11.50)    | % |
| Debit card usage fees                               | 391                    |        |        | 434      |   |             | (43)      |   |   | (9.91)      | %      |
| Trust services                                      | 461                    |        |        | 481      |   |             | (20)      |   |   | (4.16)      | %      |
| Increase in cash value of bank-owned life insurance | 136                    |        |        | 162      |   |             | (26)      |   |   | (16.05)     | %      |
| Loan swap fees                                      | 3                      |        |        | —  |   |             | 3    |   |   | N/A     |
| Realized investment securities gains (losses), net  | (69)                        |        |        | 23       |   |             | (92)      |   |   | (400.00)    | %      |
| Other income:                                   |                             |             |        |               |   |             |      |
| All other income                                    | 322                    |        |        | 299      |   |             | 23   |   |   | 7.69   | %      |
| Total other income                                  | 322                    |        |        | 299      |   |             | 23   |   |   | 7.69   | %      |
| Total noninterest income                            | $                           | 1,775  |   |               | $      | 1,999  |      |        | $ | (224)       |   |  | (11.21)    | % |
|                                                     |                             |             |        |               |        |             |           |
|                                                | Six Months Ended June 30,   |             |        |               |        |             |           |
| Noninterest income:                             | 2020                        |             | 2019   |               | Change |             | Change %  |
| Service charges on deposit accounts                 | $                           | 1,134  |   |               | $      | 1,211  |      |        | $ | (77)        |   |  | (6.36)     | % |
| Debit card usage fees                               | 773                    |        |        | 809      |   |             | (36)      |   |   | (4.45)      | %      |
| Trust services                                      | 924                    |        |        | 964      |   |             | (40)      |   |   | (4.15)      | %      |
| Increase in cash value of bank-owned life insurance | 294                    |        |        | 314      |   |             | (20)      |   |   | (6.37)      | %      |
| Loan swap fees                                      | 589                    |        |        | —  |   |             | 589  |   |   | N/A     |
| Realized investment securities losses, net          | (75)                        |        |        | (65)          |   |             | (10)      |   |   | (15.38)     | %      |
| Other income:                                   |                             |             |        |               |   |             |      |
| Gain on sale of premises                            | —                |        |        | 307      |   |             | (307)     |   |   | (100.00)    | %      |
| All other income                                    | 656                    |        |        | 578      |   |             | 78   |   |   | 13.49  | %      |
| Total other income                                  | 656                    |        |        | 885      |   |             | (229)     |   |   | (25.88)     | %      |
| Total noninterest income                            | $                           | 4,295  |   |               | $      | 4,118  |      |        | $ | 177    |   |  | 4.30  | % |

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|                                                                    |                             |              |        |             |        |              |               |        |   |               |        |  |        |   |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------|-----------------------------|--------------|--------|-------------|--------|--------------|---------------|--------|---|---------------|--------|--|--------|---|--|--|--|--|--|--|--|--|--|
|                                                                    | Three Months Ended June 30, |              |        |             |        |              |               |
| Noninterest expense:                                           | 2020                        |              | 2019   |             | Change |              | Change %      |
| Salaries and employee benefits                                     | $                           | 5,318   |   |             | $      | 5,424   |          |        | $ | (106)         |   |  | (1.95) | % |
| Occupancy                                                          | 1,349                  |         |        | 1,344  |   |              | 5        |   |   | 0.37     | %      |
| Data processing                                                    | 596                    |         |        | 716    |   |              | (120)         |   |   | (16.76)       | %      |
| FDIC insurance                                                     | 292                    |         |        | 185    |   |              | 107      |   |   | 57.84    | %      |
| Professional fees                                                  | 200                    |         |        | 209    |   |              | (9)           |   |   | (4.31)        | %      |
| Director fees                                                      | 194                    |         |        | 258    |   |              | (64)          |   |   | (24.81)       | %      |
| Other expenses:                                                |                             |              |        |             |   |              |          |
| Marketing                                                          | 44                     |         |        | 55     |   |              | (11)          |   |   | (20.00)       | %      |
| Business development                                               | 137                    |         |        | 268    |   |              | (131)         |   |   | (48.88)       | %      |
| Insurance expense                                                  | 110                    |         |        | 96     |   |              | 14       |   |   | 14.58    | %      |
| Charitable contributions                                           | 45                     |         |        | 45     |   |              | —  |   |   | —  | %      |
| Postage and courier                                                | 83                     |         |        | 69     |   |              | 14       |   |   | 20.29    | %      |
| Subscriptions                                                      | 143                    |         |        | 94     |   |              | 49       |   |   | 52.13    | %      |
| Trust                                                              | 103                    |         |        | 114    |   |              | (11)          |   |   | (9.65)        | %      |
| Consulting fees                                                    | 89                     |         |        | 69     |   |              | 20       |   |   | 28.99    | %      |
| Low income housing projects amortization                           | 102                    |         |        | 120    |   |              | (18)          |   |   | (15.00)       | %      |
| New markets tax credit project amortization and management    fees | 229                    |         |        | 229    |   |              | —  |   |   | —  | %      |
| All other                                                          | 383                    |         |        | 455    |   |              | (72)          |   |   | (15.82)       | %      |
| Total other                                                        | 1,468                  |         |        | 1,614  |   |              | (146)         |   |   | (9.05)        | %      |
| Total noninterest expense                                          | $                           | 9,417   |   |             | $      | 9,750   |          |        | $ | (333)         |   |  | (3.42) | % |
|                                                                    |                             |              |        |             |        |              |               |
|                                                               | Six Months Ended June 30,   |              |        |             |        |              |               |
| Noninterest expense:                                           | 2020                        |              | 2019   |             | Change |              | Change %      |
| Salaries and employee benefits                                     | $                           | 10,602  |   |             | $      | 10,884  |          |        | $ | (282)         |   |  | (2.59) | % |
| Occupancy                                                          | 2,709                  |         |        | 2,577  |   |              | 132      |   |   | 5.12     | %      |
| Data processing                                                    | 1,268                  |         |        | 1,396  |   |              | (128)         |   |   | (9.17)        | %      |
| FDIC insurance                                                     | 529                    |         |        | 404    |   |              | 125      |   |   | 30.94    | %      |
| Professional fees                                                  | 439                    |         |        | 443    |   |              | (4)           |   |   | (0.90)        | %      |
| Director fees                                                      | 428                    |         |        | 509    |   |              | (81)          |   |   | (15.91)       | %      |
| Other expenses:                                                |                             |              |        |             |   |              |          |
| Marketing                                                          | 88                     |         |        | 102    |   |              | (14)          |   |   | (13.73)       | %      |
| Business development                                               | 404                    |         |        | 536    |   |              | (132)         |   |   | (24.63)       | %      |
| Insurance expense                                                  | 214                    |         |        | 189    |   |              | 25       |   |   | 13.23    | %      |
| Charitable contributions                                           | 90                     |         |        | 90     |   |              | —  |   |   | —  | %      |
| Postage and courier                                                | 168                    |         |        | 142    |   |              | 26       |   |   | 18.31    | %      |
| Subscriptions                                                      | 268                    |         |        | 185    |   |              | 83       |   |   | 44.86    | %      |
| Trust                                                              | 220                    |         |        | 211    |   |              | 9        |   |   | 4.27     | %      |
| Consulting fees                                                    | 166                    |         |        | 131    |   |              | 35       |   |   | 26.72    | %      |
| Low income housing projects amortization                           | 205                    |         |        | 191    |   |              | 14       |   |   | 7.33     | %      |
| New markets tax credit project amortization and management   fees  | 459                    |         |        | 459    |   |              | —  |   |   | —  | %      |
| All other                                                          | 823                    |         |        | 845    |   |              | (22)          |   |   | (2.60)        | %      |
| Total other                                                        | 3,105                  |         |        | 3,081  |   |              | 24       |   |   | 0.78     | %      |
| Total noninterest expense                                          | $                           | 19,080  |   |             | $      | 19,294  |          |        | $ | (214)         |   |  | (1.11) | % |

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|                                                    |               |           |                   |               |        |           |               |        |   |       |        |  |  |  |  |  |  |
|----------------------------------------------------|---------------|-----------|-------------------|---------------|--------|-----------|---------------|--------|---|-------|--------|--|--|--|--|--|--|
|                                               | June 30, 2020 |           | December 31, 2019 |               | Change |
| Nonaccrual loans                                   | $             | 390  |              |               | $      | 538  |          |        | $ | (148) |   |
| Loans past due 90 days and still accruing interest | —  |      |                   | —  |   |           | —  |   |
| Troubled debt restructured loans (1)               | —  |      |                   | —  |   |           | —  |   |
| Total nonperforming loans                          | 390      |      |                   | 538      |   |           | (148)         |   |
| Other real estate owned                            | —  |      |                   | —  |   |           | —  |   |
| Total nonperforming assets                         | $             | 390  |              |               | $      | 538  |          |        | $ | (148) |   |
|                                               |          |           |              |               |   |
| Nonperforming loans to total loans                 | 0.02     | %         |                   | 0.03     | %      |           | (0.01)        | %      |
| Nonperforming assets to total assets               | 0.01     | %         |                   | 0.02     | %      |           | (0.01)        | %      |

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|                                                        |               |               |        |             |                              |   |               |        |                                                               |            |        |            |                                                                 |        |        |               |        |  |               |               |         |            |             |         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------|---------------|---------------|--------|-------------|------------------------------|---|---------------|--------|---------------------------------------------------------------|------------|--------|------------|-----------------------------------------------------------------|--------|--------|---------------|--------|--|---------------|---------------|---------|------------|-------------|---------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                        | Actual        |               |        |             | For CapitalAdequacy Purposes |   |               |        | For CapitalAdequacy Purposes With Capital Conservation Buffer |            |        |            | To Be Well-Capitalized Under Prompt CorrectiveAction Provisions |        |        |
|                                                        | Amount        |               | Ratio  |             | Amount                       |   | Ratio         |        | Amount                                                        |            | Ratio  |            | Amount                                                          |        | Ratio  |
| As of June 30, 2020:                               |               |               |        |             |                              |   |               |        |                                                               |            |        |            |                                                                 |        |        |
| Total Capital (to Risk-Weighted Assets)                |               |               |        |             |                              |   |               |        |                                                               |            |        |            |                                                                 |        |        |
| Consolidated                                           | $             | 265,976  |   |             | 11.67                   | % |               | $      | 182,358                                                  |       |        | 8.00  | %                                                               |        | $      | 239,344  |   |  | 10.50    | %             |         | N/A    |             | N/A |
| West Bank                                              | 273,143  |          |        | 11.99  | %                            |   | 182,251  |   |                                                               | 8.00  | %      |            | 239,204                                                    |   |        | 10.50    | %      |  | $             | 227,813  |    |            | 10.00  | %       |
|                                                   |          |               |   |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Tier 1 Capital (to Risk-Weighted Assets)               |               |               |        |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Consolidated                                           | 244,613  |          |        | 10.73  | %                            |   | 136,768  |   |                                                               | 6.00  | %      |            | 193,755                                                    |   |        | 8.50     | %      |  | N/A       |               | N/A |
| West Bank                                              | 251,780  |          |        | 11.05  | %                            |   | 136,688  |   |                                                               | 6.00  | %      |            | 193,641                                                    |   |        | 8.50     | %      |  | 182,251  |          |         | 8.00  | %           |
|                                                        |               |               |        |             |                              |   |               |        |                                                               |            |        |            |                                                                 |        |        |
| Common Equity Tier 1 Capital (to Risk-Weighted Assets) |               |               |        |             |                              |   |               |        |                                                               |            |        |            |                                                                 |        |        |
| Consolidated                                           | 224,613  |          |        | 9.85   | %                            |   | 102,576  |   |                                                               | 4.50  | %      |            | 159,563                                                    |   |        | 7.00     | %      |  | N/A       |               | N/A |
| West Bank                                              | 251,780  |          |        | 11.05  | %                            |   | 102,516  |   |                                                               | 4.50  | %      |            | 159,469                                                    |   |        | 7.00     | %      |  | 148,079  |          |         | 6.50  | %           |
|                                                   |          |               |   |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Tier 1 Capital (to Average Assets)                     |               |               |        |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Consolidated                                           | 244,613  |          |        | 9.07   | %                            |   | 107,856  |   |                                                               | 4.00  | %      |            | 107,856                                                    |   |        | 4.00     | %      |  | N/A       |               | N/A |
| West Bank                                              | 251,780  |          |        | 9.35   | %                            |   | 107,749  |   |                                                               | 4.00  | %      |            | 107,749                                                    |   |        | 4.00     | %      |  | 134,687  |          |         | 5.00  | %           |
|                                                   |          |               |   |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| As of December 31, 2019:                           |          |               |   |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Total Capital (to Risk-Weighted Assets)                |               |               |        |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Consolidated                                           | $             | 252,316  |   |             | 11.40                   | % |               | $      | 177,013                                                  |       |        | 8.00  | %                                                               |        | $      | 232,330  |   |  | 10.50    | %             |         | N/A    |             | N/A |
| West Bank                                              | 259,644  |          |        | 11.74  | %                            |   | 176,970  |   |                                                               | 8.00  | %      |            | 232,273                                                    |   |        | 10.50    | %      |  | $             | 221,212  |    |            | 10.00  | %       |
|                                                   |          |               |   |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Tier 1 Capital (to Risk-Weighted Assets)               |               |               |        |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Consolidated                                           | 235,081  |          |        | 10.62  | %                            |   | 132,760  |   |                                                               | 6.00  | %      |            | 188,077                                                    |   |        | 8.50     | %      |  | N/A       |               | N/A |
| West Bank                                              | 242,409  |          |        | 10.96  | %                            |   | 132,727  |   |                                                               | 6.00  | %      |            | 188,030                                                    |   |        | 8.50     | %      |  | 176,970  |          |         | 8.00  | %           |
|                                                        |               |               |        |             |                              |   |               |        |                                                               |            |        |            |                                                                 |        |        |
| Common Equity Tier 1 Capital (to Risk-Weighted Assets) |               |               |        |             |                              |   |               |        |                                                               |            |        |            |                                                                 |        |        |
| Consolidated                                           | 215,081  |          |        | 9.72   | %                            |   | 99,570   |   |                                                               | 4.50  | %      |            | 154,887                                                    |   |        | 7.00     | %      |  | N/A       |               | N/A |
| West Bank                                              | 242,409  |          |        | 10.96  | %                            |   | 99,546   |   |                                                               | 4.50  | %      |            | 154,849                                                    |   |        | 7.00     | %      |  | 143,788  |          |         | 6.50  | %           |
|                                                        |               |               |        |             |                              |   |               |        |                                                               |            |        |            |                                                                 |        |        |
| Tier 1 Capital (to Average Assets)                     |               |               |        |             |                              |   |               |        |                                                          |            |   |            |                                                            |        |   |
| Consolidated                                           | 235,081  |          |        | 9.53   | %                            |   | 98,693   |   |                                                               | 4.00  | %      |            | 98,693                                                     |   |        | 4.00     | %      |  | N/A       |               | N/A |
| West Bank                                              | 242,409  |          |        | 9.83   | %                            |   | 98,656   |   |                                                               | 4.00  | %      |            | 98,656                                                     |   |        | 4.00     | %      |  | 123,320  |          |         | 5.00  | %           |

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|          |                                                                                                                                                                |  |  |  |  |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| Exhibits | Description                                                                                                                                                    |
| 10.1*    | Amendment to West Bancorporation, Inc. Employee Savings and Stock Ownership Plan, Effective January 1, 2015                                                    |
| 10.2*    | Amendment to West Bancorporation, Inc. Employee Savings and Stock Ownership Plan, Effective January 1, 2016                                                    |
| 10.3*    | Amendment to West Bancorporation, Inc. Employee Savings and Stock Ownership Plan, Effective January 1, 2018                                                    |
| 10.4*    | Amendment to West Bancorporation, Inc. Employee Savings and Stock Ownership Plan, Effective April 1, 2018                                                      |
| 31.1     | Certification of Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002                                                                   |
| 31.2     | Certification of Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002                                                                   |
| 32.1     | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002              |
| 32.2     | Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002              |
| 101.INS  | XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document |
| 101.SCH  | XBRL Taxonomy Extension Schema Document                                                                                                                        |
| 101.CAL  | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                                          |
| 101.DEF  | XBRL Taxonomy Extension Definition Linkbase Document                                                                                                           |
| 101.LAB  | XBRL Taxonomy Extension Label Linkbase Document                                                                                                                |
| 101.PRE  | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                                         |
| 104      | Cover Page Interactive Data File (formatted as Inline XBRL and combined in Exhibit 101)                                                                        |

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|                           |         |                                                                 |  |  |  |  |  |  |  |  |  |
|---------------------------|---------|-----------------------------------------------------------------|--|--|--|--|--|--|--|--|--|
| West Bancorporation, Inc. |         |                                                            |  |
| (Registrant)              |    |                                                            |  |
|                      |    |                                                            |  |
|                      |    |                                                            |  |
| July 23, 2020             | By: | /s/ David D. Nelson                                     |  |
| Date                      |    | David D. Nelson                                                 |  |
|                      |    | Chief Executive Officer and President                           |  |
|                      |    | (Principal Executive Officer)                                   |  |
|                           |         |                                                                 |  |
| July 23, 2020             | By: | /s/ Douglas R. Gulling                                  |  |
| Date                      |    | Douglas R. Gulling                                              |  |
|                      |    | Executive Vice President, Treasurer and Chief Financial Officer |  |
|                           |         | (Principal Financial Officer)                                   |  |
|                           |         |                                                                 |  |
| July 23, 2020             | By: | /s/ Jane M. Funk                                        |  |
| Date                      |         | Jane M. Funk                                                    |  |
|                           |         | Senior Vice President, Controller and Chief Accounting Officer  |  |
|                      |    | (Principal Accounting Officer)                                  |  |