Bridgewater Bancshares Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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, 2024 · Filed Oct 31, 2024
BWB$20.60+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(dollars in thousands, except share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · September 30, · · December 31, | ||||||
| · 2024 · 2023 | ||||||
| · · (Unaudited) · · · | ||||||
| ASSETS | | | | | | |
| Cash and Cash Equivalents | | $191,859 | | $128,562 | ||
| Securities Available for Sale, at Fair Value | | 664,715 | | 604,104 | ||
| Loans, Net of Allowance for Credit Losses of $51,018 at September 30, 2024 (unaudited) and $50,494 at December 31, 2023 | | | 3,628,867 | | 3,667,215 | |
| Federal Home Loan Bank (FHLB) Stock, at Cost | | 18,626 | | 17,097 | ||
| Premises and Equipment, Net | | 47,777 | | 48,886 | ||
| Foreclosed Assets | | | 434 | | | — |
| Accrued Interest | | 16,750 | | 16,697 | ||
| Goodwill | | 2,626 | | 2,626 | ||
| Other Intangible Assets, Net | | 163 | | 188 | ||
| Bank-Owned Life Insurance | | | 38,219 | | | 34,477 |
| Other Assets | | 81,481 | | 92,138 | ||
| Total Assets | | $4,691,517 | | $4,611,990 | ||
| | | | | | | |
| LIABILITIES AND EQUITY | | | ||||
| LIABILITIES | | | ||||
| Deposits: | | | ||||
| Noninterest Bearing | | $713,309 | | $756,964 | ||
| Interest Bearing | | 3,034,133 | | 2,952,984 | ||
| Total Deposits | | 3,747,442 | | 3,709,948 | ||
| Notes Payable | | | 13,750 | | | 13,750 |
| FHLB Advances | | 349,500 | | 319,500 | ||
| Subordinated Debentures, Net of Issuance Costs | | 79,574 | | 79,288 | ||
| Accrued Interest Payable | | 3,458 | | 5,282 | ||
| Other Liabilities | | 45,593 | | 58,707 | ||
| Total Liabilities | | 4,239,317 | | 4,186,475 | ||
| | | | | | | |
| SHAREHOLDERS' EQUITY | | | ||||
| Preferred Stock- $0.01 par value; Authorized 10,000,000 | | | | | | |
| Preferred Stock - Issued and Outstanding 27,600 Series A shares ($2,500 liquidation preference) at September 30, 2024 (unaudited) and December 31, 2023 | | | 66,514 | | 66,514 | |
| Common Stock- $0.01 par value; Authorized 75,000,000 | | | | | ||
| Common Stock - Issued and Outstanding 27,425,690 at September 30, 2024 (unaudited) and 27,748,965 at December 31, 2023 | | | 274 | | 277 | |
| Additional Paid-In Capital | | 94,597 | | 96,320 | ||
| Retained Earnings | | 302,231 | | 280,650 | ||
| Accumulated Other Comprehensive Loss | | (11,416) | | (18,246) | ||
| Total Shareholders' Equity | | 452,200 | | 425,515 | ||
| Total Liabilities and Equity | | $4,691,517 | | $4,611,990 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.