Bridgewater Bancshares Inc

For the period ended Sep 30, 2025. Filed Oct 30, 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.

Sep 30, 2025 · Filed Oct 30, 2025

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 · · Nine Months Ended
· · September 30, · · September 30, · · September 30, · · September 30,
· 2025 · 2024 · 2025 · 2024
INTEREST INCOME · · · ·
Loans, Including Fees	$60,038	$51,895	$171,746	$152,861
Investment Securities	10,371	8,725	28,968	24,818
Other	3,224	2,407	7,825	4,895
Total Interest Income	73,633	63,027	208,539	182,574

INTEREST EXPENSE
Deposits	34,615	34,187	99,215	95,995
Federal Funds Purchased	—	2	16	1,159
Notes Payable	106	296	624	887
FHLB Advances	2,933	1,942	7,941	6,325
Subordinated Debentures	1,888	1,001	3,992	2,982
Total Interest Expense	39,542	37,428	111,788	107,348

NET INTEREST INCOME	34,091	25,599	96,751	75,226
Provision for Credit Losses	1,100	—	4,600	1,350

NET INTEREST INCOME AFTER
PROVISION FOR CREDIT LOSSES	32,991	25,599	92,151	73,876

NONINTEREST INCOME
Customer Service Fees	501	373	1,492	1,081
Net Gain (Loss) on Sales of Available for Sale Securities	59	(28)	534	385
Letter of Credit Fees	383	424	1,161	1,127
Debit Card Interchange Fees	173	152	462	448
Swap Fees	—	26	980	26
Bank-Owned Life Insurance	440	352	1,206	965
Investment Advisory Fees	208	—	746	—
FHLB Prepayment Income	—	—	301	—
Other Income	297	223	885	803
Total Noninterest Income	2,061	1,522	7,767	4,835

NONINTEREST EXPENSE
Salaries and Employee Benefits	12,229	9,851	34,963	28,959
Occupancy and Equipment	1,266	1,069	3,774	3,218
FDIC Insurance Assessment	775	750	1,975	2,350
Data Processing	637	368	1,881	1,252
Professional and Consulting Fees	1,261	1,149	3,365	2,890
Derivative Collateral Fees	309	381	1,132	1,395
Information Technology and Telecommunications	973	840	2,915	2,448
Marketing and Advertising	658	367	1,420	1,006
Intangible Asset Amortization	230	9	690	26
Other Expense	1,618	976	4,918	2,944
Total Noninterest Expense	19,956	15,760	57,033	46,488

INCOME BEFORE INCOME TAXES	15,096	11,361	42,885	32,223
Provision for Income Taxes	3,495	2,686	10,131	7,602
NET INCOME	11,601	8,675	32,754	24,621
Preferred Stock Dividends	(1,013)	(1,013)	(3,040)	(3,040)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$10,588	$7,662	$29,714	$21,581

EARNINGS PER SHARE
Basic	$0.38	$0.28	$1.08	$0.79
Diluted	0.38	0.27	1.06	0.77

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.