Bridgewater Bancshares Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout 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, 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 Statements of Shareholders’ Equity
Three and Nine Months Ended September 30, 2024 and 2023
(dollars in thousands, except share data)
| | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · Accumulated · · · | ||||||||||||||||||||
| · · · · · · · · · · Additional · · · · · Other · · · | ||||||||||||||||||||
| · · Preferred · · Common Stock · · Paid-In · · Retained · · Comprehensive · · · | ||||||||||||||||||||
| Three Months Ended · · Stock · Shares · Amount · Capital · Earnings · Income (Loss) · Total | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | |
| BALANCE June 30, 2023 | $66,514 | | 27,973,995 | | $280 | | $99,044 | | $264,196 | | $(20,908) | | $409,126 | |||||||
| Stock-based Compensation | | — | | 12,588 | | | — | | | 997 | | | — | | | — | | 997 | ||
| Comprehensive Income (Loss) | | — | | — | | | — | | | — | | | 9,629 | | | (2,858) | | 6,771 | ||
| Stock Options Exercised | | | — | | 27,000 | | | — | | | 90 | | | — | | | — | | | 90 |
| Vested Restricted Stock Units | | | — | | 3,000 | | | — | | | — | | | — | | | — | | | — |
| Restricted Shares Withheld for Taxes | | | — | | (1,078) | | | — | | | (11) | | | — | | | — | | | (11) |
| Preferred Stock Dividend | | | — | | — | | | — | | | — | | | (1,013) | | | — | | | (1,013) |
| BALANCE September 30, 2023 | $66,514 | | 28,015,505 | | $280 | | $100,120 | | $272,812 | | $(23,766) | | $415,960 | |||||||
| | | | | | | | | | | | | | | | | | | | | |
| BALANCE June 30, 2024 | $66,514 | | 27,348,049 | | $273 | | $93,205 | | $294,569 | | $(15,320) | | $439,241 | |||||||
| Stock-based Compensation | | — | | 8,496 | | | — | | | 923 | | | — | | | — | | 923 | ||
| Comprehensive Income | | — | | — | | | — | | | — | | | 8,675 | | | 3,904 | | 12,579 | ||
| Stock Options Exercised | | | — | | 69,856 | | | 1 | | | 517 | | | — | | | — | | | 518 |
| Vested Restricted Stock Units | | | — | | 3,000 | | | — | | | — | | | — | | | — | | | — |
| Restricted Shares Withheld for Taxes | | | — | | (3,711) | | | — | | | (48) | | | — | | | — | | | (48) |
| Preferred Stock Dividend | | | — | | — | | | — | | | — | | | (1,013) | | | — | | | (1,013) |
| BALANCE September 30, 2024 | $66,514 | | 27,425,690 | | $274 | | $94,597 | | $302,231 | | $(11,416) | | $452,200 | |||||||
| | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · Accumulated · · · | ||||||||||||||||||||
| · · · · · · · · · · Additional · · · · · Other · · · | ||||||||||||||||||||
| · · Preferred · · Common Stock · · Paid-In · · Retained · · Comprehensive · · · | ||||||||||||||||||||
| Nine Months Ended · Stock · Shares · Amount · Capital · Earnings · Income (Loss) · Total | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | |
| BALANCE December 31, 2022 | $66,514 | | 27,751,950 | | $278 | | $96,529 | | $248,685 | | $(17,942) | | $394,064 | |||||||
| Cumulative Effect of Change in Accounting Principle, Net of Tax | | | — | | — | | | — | | | — | | | (3,920) | | | — | | (3,920) | |
| Balance as of January 1, 2023, as Adjusted for Change in Accounting Principle | | | 66,514 | | 27,751,950 | | | 278 | | | 96,529 | | | 244,765 | | | (17,942) | | 390,144 | |
| Stock-based Compensation | | — | | 35,460 | | | — | | | 2,910 | | | — | | | — | | | 2,910 | |
| Comprehensive Income (Loss) | | — | | — | | | — | | | — | | | 31,087 | | | (5,824) | | | 25,263 | |
| Stock Options Exercised | | | — | | 226,000 | | | 2 | | | 715 | | | — | | | — | | | 717 |
| Forfeiture of Restricted Stock Awards | | | — | | (250) | | | — | | | — | | | — | | | — | | | — |
| Vested Restricted Stock Units | | | — | | 5,225 | | | — | | | — | | | — | | | — | | | — |
| Restricted Shares Withheld for Taxes | | | — | | (2,880) | | | — | | | (34) | | | — | | | — | | | (34) |
| Preferred Stock Dividend | | | — | | — | | | — | | | — | | | (3,040) | | | — | | | (3,040) |
| BALANCE September 30, 2023 | $66,514 | | 28,015,505 | | $280 | | $100,120 | | $272,812 | | $(23,766) | | $415,960 | |||||||
| | | | | | | | | | | | | | | | | | | | | |
| BALANCE December 31, 2023 | | $66,514 | | 27,748,965 | | $277 | | $96,320 | | $280,650 | | $(18,246) | | $425,515 | ||||||
| Stock-based Compensation | | — | | 29,832 | | | — | | | 2,994 | | | — | | | — | | 2,994 | ||
| Comprehensive Income | | — | | — | | | — | | | — | | | 24,621 | | | 6,830 | | 31,451 | ||
| Stock Options Exercised | | | — | | 78,356 | | | 1 | | | 586 | | | — | | | — | | | 587 |
| Stock Repurchases | | | — | | (446,509) | | | (4) | | | (5,173) | | | — | | | — | | | (5,177) |
| Vested Restricted Stock Units | | | — | | 25,665 | | | — | | | — | | | — | | | — | | | — |
| Restricted Shares Withheld for Taxes | | | — | | (10,619) | | | — | | | (130) | | | — | | | — | | | (130) |
| Preferred Stock Dividend | | | — | | — | | | — | | | — | | | (3,040) | | | — | | | (3,040) |
| BALANCE September 30, 2024 | $66,514 | | 27,425,690 | | $274 | | $94,597 | | $302,231 | | $(11,416) | | $452,200 | |||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.