Bridgewater Bancshares Inc

For the period ended Jun 30, 2026. Filed Jul 30, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 30, 2026

BWB$20.64+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(dollars in thousands, except per share data)


· · Three Months Ended · · Six Months Ended
· · June 30, · · June 30, · · June 30, · · June 30,
· · 2026 · · 2025 · · 2026 · · 2025
INTEREST INCOME · · · · · · · ·
Loans, Including Fees	$64,146	$57,888	$125,872	$111,708
Investment Securities	6,904	9,200	13,827	18,597
Other	1,606	2,110	2,922	4,601
Total Interest Income	72,656	69,198	142,621	134,906

INTEREST EXPENSE
Deposits	29,711	32,497	58,504	64,600
Federal Funds Purchased	19	16	257	16
Notes Payable	—	260	—	518
FHLB Advances	2,494	2,852	4,932	5,008
Subordinated Debentures	1,866	1,121	3,715	2,104
Total Interest Expense	34,090	36,746	67,408	72,246

NET INTEREST INCOME	38,566	32,452	75,213	62,660
Provision for Credit Losses	550	2,000	1,750	3,500

NET INTEREST INCOME AFTER
PROVISION FOR CREDIT LOSSES	38,016	30,452	73,463	59,160

NONINTEREST INCOME
Customer Service Fees	520	496	1,047	991
Net Gain on Sales of Available for Sale Securities	—	474	7,251	475
Letter of Credit Fees	304	323	489	778
Debit Card Interchange Fees	230	152	431	289
Swap Fees	263	938	503	980
Bank-Owned Life Insurance	451	387	898	766
Investment Advisory Fees	260	213	474	538
FHLB Prepayment Income	—	301	—	301
Other Income	296	343	795	588
Total Noninterest Income	2,324	3,627	11,888	5,706

NONINTEREST EXPENSE
Salaries and Employee Benefits	13,916	11,363	27,408	22,734
Occupancy and Equipment	1,360	1,274	2,735	2,508
FDIC Insurance Assessment	595	750	1,375	1,200
Data Processing	692	625	1,303	1,244
Professional and Consulting Fees	1,267	1,110	2,463	2,104
Derivative Collateral Fees	206	372	374	823
Information Technology and Telecommunications	1,258	971	2,325	1,942
Marketing and Advertising	604	435	1,380	762
Intangible Asset Amortization	227	230	453	460
FHLB Prepayment Penalty	—	—	982	—
Other Expense	1,769	1,811	3,266	3,300
Total Noninterest Expense	21,894	18,941	44,064	37,077

INCOME BEFORE INCOME TAXES	18,446	15,138	41,287	27,789
Provision for Income Taxes	4,439	3,618	9,874	6,636
NET INCOME	14,007	11,520	31,413	21,153
Preferred Stock Dividends	(1,014)	(1,014)	(2,027)	(2,027)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$12,993	$10,506	$29,386	$19,126

EARNINGS PER SHARE
Basic	$0.47	$0.38	$1.06	$0.70
Diluted	0.45	0.38	1.03	0.68

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.