Bridgewater Bancshares Inc

For the period ended Sep 30, 2026. Filed Oct 29, 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.

Sep 30, 2026 · Filed Oct 29, 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 Cash Flows

(dollars in thousands)


· · Nine Months Ended
· · September 30,
· · 2026 · · 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$46,441	$32,754
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Net Amortization on Securities Available for Sale	(3,597)	(2,635)
Net Gain on Sales of Securities Available for Sale	(7,251)	(534)
Provision for Credit Losses on Loans	4,650	4,400
Provision (Recovery) of Off-Balance Sheet Exposures	(150)	200
Loan Discount Accretion	(666)	(1,147)
Depreciation of Premises and Equipment	1,941	1,881
Amortization of Other Intangible Assets	679	690
Amortization of Right-of-Use Asset	419	419
Cash Surrender Value of Bank-Owned Life Insurance	(1,428)	(1,206)
Amortization of Subordinated Debt Issuance Costs	276	208
Stock-based Compensation	3,785	3,118
Deferred Income Taxes	(1,483)	(2,701)
Remeasurement of Interest Rate Swap	123	—
Changes in Operating Assets and Liabilities:
Accrued Interest Receivable and Other Assets	(3,169)	(85)
Accrued Interest Payable and Other Liabilities	31,350	(14,527)
Net Cash Provided by Operating Activities	71,920	20,835

CASH FLOWS FROM INVESTING ACTIVITIES
Decrease in Bank-Owned Certificates of Deposit	—	719
Proceeds from Sales of Securities Available for Sale	208,501	64,707
Proceeds from Termination of Interest Rate Swaps	10,403	—
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale	79,273	108,590
Purchases of Securities Available for Sale	(149,921)	(204,111)
Net Increase in Loans	(200,002)	(344,846)
Purchase of FHLB Stock	(63,901)	(45,830)
Redemption of FHLB Stock	63,834	43,754
Purchases of Premises and Equipment	(2,895)	(3,303)
Purchase of Bank-owned Life Insurance	(26,607)	(4,630)
Redemption of Bank-owned Life Insurance	1,803	4,361
Net Cash Used by Investing Activities	(79,512)	(380,589)

CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits	152,650	205,997
Principal Payments on Notes Payable	—	(13,750)
Proceeds from FHLB Advances	848,000	936,500
Principal Payments on FHLB Advances	(851,500)	(891,500)
Issuance of Subordinated Debt, net of Issuance Costs	—	78,690
Redemption of Subordinated Debt, net of Issuance Costs	—	(49,980)
Preferred Stock Dividends Paid	(3,040)	(3,040)
Stock Options Exercised	2,290	1,247
Stock Repurchases	(700)	(2,191)
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards	(218)	(131)
Shares Repurchased for Tax Withholdings Upon Exercise of Stock Options	(837)	(30)
Net Cash Provided by Financing Activities	146,645	261,812

NET CHANGE IN CASH AND CASH EQUIVALENTS	139,053	(97,942)
Cash and Cash Equivalents Beginning	123,511	229,760
Cash and Cash Equivalents Ending	$262,564	$131,818

SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash Paid for Interest	$101,974	$110,380
Cash Paid for Income Taxes	$12,099	$10,208

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.