Bridgewater Bancshares Inc

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

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, 2025 · Filed Jul 31, 2025

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

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

See the whole filing, with its images and exhibits

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,
· 2025 · 2024 · 2025 · 2024
INTEREST INCOME · · · ·
Loans, Including Fees	$57,888	$51,385	$111,708	$100,966
Investment Securities	9,200	8,177	18,597	16,093
Other	2,110	1,316	4,601	2,488
Total Interest Income	69,198	60,878	134,906	119,547

INTEREST EXPENSE
Deposits	32,497	31,618	64,600	61,808
Federal Funds Purchased	16	853	16	1,157
Notes Payable	260	296	518	591
FHLB Advances	2,852	2,125	5,008	4,383
Subordinated Debentures	1,121	990	2,104	1,981
Total Interest Expense	36,746	35,882	72,246	69,920

NET INTEREST INCOME	32,452	24,996	62,660	49,627
Provision for Credit Losses	2,000	600	3,500	1,350

NET INTEREST INCOME AFTER
PROVISION FOR CREDIT LOSSES	30,452	24,396	59,160	48,277

NONINTEREST INCOME
Customer Service Fees	496	366	991	708
Net Gain on Sales of Available for Sale Securities	474	320	475	413
Letter of Credit Fees	323	387	778	703
Debit Card Interchange Fees	152	155	289	296
Swap Fees	938	—	980	—
Bank-Owned Life Insurance	387	312	766	613
FHLB Prepayment Income	301	—	301	—
Investment Advisory Fees	213	—	538	—
Other Income	343	223	588	580
Total Noninterest Income	3,627	1,763	5,706	3,313

NONINTEREST EXPENSE
Salaries and Employee Benefits	11,363	9,675	22,734	19,108
Occupancy and Equipment	1,274	1,092	2,508	2,149
FDIC Insurance Assessment	750	725	1,200	1,600
Data Processing	625	472	1,244	884
Professional and Consulting Fees	1,110	852	2,104	1,741
Derivative Collateral Fees	372	528	823	1,014
Information Technology and Telecommunications	971	812	1,942	1,608
Marketing and Advertising	435	317	762	639
Intangible Asset Amortization	230	8	460	17
Other Expense	1,811	1,058	3,300	1,968
Total Noninterest Expense	18,941	15,539	37,077	30,728

INCOME BEFORE INCOME TAXES	15,138	10,620	27,789	20,862
Provision for Income Taxes	3,618	2,505	6,636	4,916
NET INCOME	11,520	8,115	21,153	15,946
Preferred Stock Dividends	(1,014)	(1,014)	(2,027)	(2,027)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$10,506	$7,101	$19,126	$13,919

EARNINGS PER SHARE
Basic	$0.38	$0.26	$0.70	$0.51
Diluted	0.38	0.26	0.68	0.50

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.