▸ We believe that our continued growth and future success will depend in large part on the skills of our management team and our ability to motivate and retain these individuals and other key individuals in a competitive labor market for experienced· · · · · ● 1 ▸ System failure or compromises of our network security, or the security of our third-party data processing partner, including as a result of cyberattacks, could subject us to increased operating costs as well as litigation and other liabilities.· · · · ● ● 2 rw ▸ The development and use of artificial intelligence (AI) presents risks and challenges that may adversely impact our business.· · · · ● ● 2 ▸ Changes in interest rates may change the value of our mortgage servicing rights portfolio, which may increase the volatility of our earnings.· · · ● ● ● 3 ▸ Changes in interest rates may have an adverse effect on our net interest income.· · · ● ● ● 3 ▸ Changes in the cost and availability of funding due to changes in the deposit market and credit market may adversely affect our capital resources, liquidity, and financial results.· · · ● ● ● 3 ▸ Fraud is an increasing risk for us and for all banks, and as such, we may experience increased losses due to fraud.· · · ● ● ● 3 ▸ If our enterprise risk management framework is not effective at mitigating risk and loss to us, we could suffer unexpected losses and our results of operations could be materially adversely affected.· · · ● ● ● 3 ▸ If the Bank loses or is unable to grow and retain its deposits, it may be subject to liquidity risk and higher funding costs.· · · ● ● ● 3 ▸ Our ability to maintain our reputation is critical to the success of our business, and the failure to do so may materially adversely affect our performance.· · · ● ● ● 3 ▸ We may not be able to successfully implement current or future information technology system enhancements and operational initiatives, which could adversely affect our business operations and profitability.· · · ● ● ● 3 ▸ We rely extensively on information technology systems to operate our business and an interruption or security incident may disrupt our business operations, result in reputational harm, and have an adverse effect on our operations.· · · ● ● ● 3 rw ▸ We rely on other companies to provide key components of our business infrastructure.· · · ● ● ● 3 ▸ The fair value of our investment securities may decline.· · ● ● ● ● 4 ▸ We are subject to lending concentration risk, which could cause our regulators to restrict our ability to grow.· · ● ● ● ● 4 ▸ Inflation could negatively impact our business, our profitability and our stock price.· ● ● ● ● ● 5 ▸ Our enterprise risk management framework seeks to achieve an appropriate balance between risk and return, which is critical to optimizing shareholder value. We have established processes and procedures intended to identify, measure,· · · ● · · 1 ▸ Recent negative developments affecting the banking industry, and resulting media coverage, have eroded customer confidence in the banking system.· · · ● · · 1 ▸ Failure to comply with laws, regulations or policies could result in sanctions by regulatory agencies, civil money penalties· · ● · · · 1 ▸ If the goodwill that we recorded in connection with a business acquisition becomes impaired, it could require a change to earnings.· · ● · · · 1 ▸ Liquidity risk could impair our ability to fund operations and jeopardize our financial condition.· · ● · · · 1 ▸ The current economic environment poses significant challenges and could adversely affect our financial condition and results of operations.· · ● · · · 1 ▸ We may not realize all of the anticipated benefits of the acquisition of Denmark and Hometown.· · ● · · · 1 ▸ ESG, anti-ESG, DEI, and anti-DEI risks could adversely affect our reputation and shareholder, employee, client and third-party relationships and may negatively affect our stock price.· ● ● ● ● · 4 rw ▸ Interest rates are highly sensitive to many factors including, without limitation: the rate of inflation; economic conditions; federal monetary policies; and stability of domestic and foreign markets.· ● ● · · · 2 ▸ The COVID-19 pandemic and the resulting adverse economic conditions have adversely impacted, and could continue to adversely impact, our business, financial condition, liquidity, capital and results of operations.· ● ● · · · 2 rw ▸ A lack of liquidity could adversely affect our operations and jeopardize our business, financial condition, and results of operations.● · · · · · 1 ▸ Changes in interest rates could have an adverse impact on our results of operations and financial condition.● ● ● · · · 3 ▸ Decreased residential mortgage origination, volume and pricing decisions of competitors may adversely affect our profitability.● ● ● · · · 3 ▸ Future sales of our common stock or securities convertible into our common stock may dilute our shareholders’ ownership in us and may adversely affect us or the market price of our common stock.● ● ● · · · 3 ▸ If we are unable to grow our noninterest income, our growth prospects will be impaired.● ● ● · · · 3 ▸ Our funding sources may prove insufficient to replace deposits and support our future growth.● ● ● · · · 3 ▸ Our stock price may be volatile.● ● ● · · · 3 ▸ The accuracy of our financial statements and related disclosures could be affected if the judgments, assumptions or estimates used in our critical accounting policies are inaccurate.● ● ● · · · 3 ▸ The current expected credit loss standard established by the Financial Accounting Standards Board will require significant data requirements and changes to methodologies.● ● ● · · · 3 ▸ The novel coronavirus, COVID-19, may adversely affect our business, financial condition, results of operations and our liquidity in the short term and for the foreseeable future.● · · · · · 1 ▸ The rate of inflation; economic conditions; federal monetary policies; and stability of domestic and foreign markets.● · · · · · 1 ▸ We are an emerging growth company and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.● ● ● · · · 3 ▸ We depend on a number of third-party service providers and our operations could be interrupted if these third-party service providers experience difficulty, terminate their services or fail to comply with banking regulations.● ● ● · · · 3 ▸ We follow a relationship-based operating model and our ability to maintain our reputation is critical to the success of our business.● ● ● · · · 3 ▸ We have a concentration in commercial real estate lending which could cause our regulators to restrict our ability to grow.● ● · · · · 2 ▸ We may be materially and adversely affected by the creditworthiness and liquidity of other financial institutions.● ● ● · · · 3 ▸ We may not be able to meet our unfunded credit commitments, or adequately reserve for losses associated with our unfunded credit commitments.● ● ● · · · 3 ▸ Acquisitions may disrupt our business and dilute stockholder value, and integrating acquired companies may be more difficult, costly, or time-consuming than we expect.● ● ● ● ● ● 6 ▸ Applicable laws and regulations restrict both the ability of the Bank to pay dividends to the Company and the ability of the Company to pay dividends to our shareholders.● ● ● ● ● ● 6 ▸ Changes in accounting standards could materially impact our financial statements.● ● ● ● ● ● 6 ▸ Difficult or volatile conditions in the national financial markets, and the U.S. economy generally, may adversely affect our lending activity or other businesses, as well as our financial condition.● ● ● ● ● ● 6 rw ▸ If we do not effectively manage our asset quality and credit risk, we could experience credit losses.● ● ● ● ● ● 6 rw ▸ Monetary policies and regulations of the Federal Reserve could adversely affect our business, financial condition and results of operations.● ● ● ● ● ● 6 ▸ Our deposit insurance premiums could be substantially higher in the future, which could have a material adverse effect on our future earnings.● ● ● ● ● ● 6 ▸ Our future success is largely dependent upon our ability to successfully execute our business strategy.● ● ● ● ● ● 6 ▸ Our provision and allowance for credit losses may not be adequate to cover actual credit losses.● ● ● ● ● ● 6 rw ▸ Our securities are not FDIC insured.● ● ● ● ● ● 6 ▸ group Risks related to our business● ● ● ● ● ● 6 ▸ group Risks related to our common stock● ● ● ● ● ● 6 ▸ group Risks related to the business environment and our industry● ● ● ● ● ● 6 ▸ The Company is subject to extensive government regulation and supervision, which may interfere with our ability to conduct our business and may negatively impact our financial results.● ● ● ● ● ● 6 ▸ The Company may be subject to more stringent capital requirements.● ● ● ● ● ● 6 ▸ The Federal Reserve may require us to commit capital resources to support the Bank.● ● ● ● ● ● 6 ▸ The financial services industry is undergoing rapid technological changes, and we may not have the resources to implement new technology to stay current with these changes.● ● ● ● ● ● 6 rw ▸ The success of our operating model depends on our ability to attract and retain talented bankers and associates in each of our markets.● ● ● ● ● ● 6 ▸ We are subject to certain operational risks, including, but not limited to, client or employee fraud and data processing system failures and errors.● ● ● ● ● ● 6 ▸ We are subject to federal and state fair lending laws, and failure to comply with these laws could lead to material penalties.● ● ● ● ● ● 6 ▸ We could face the risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.● ● ● ● ● ● 6 rw ▸ We depend on our executive officers and other key individuals to continue the implementation of our long-term business strategy and could be harmed by the loss of their services and our inability to make up for such loss with qualified replacements.● ● ● ● ● ● 6 ▸ We face strong competition from financial services companies and other companies that offer banking services.● ● ● ● ● ● 6 ▸ We may need to raise additional capital in the future.● ● ● ● ● ● 6 
