Bridgewater Bancshares, Inc. Annual Report

Bridgewater Bancshares, Inc. and Subsidiaries Notes to Consolidated Financial Statements (dollars in thousands, except share data)

The following tables present the aging of the recorded investment in past due loans by loan segment as of December 31, 2019 and 2018:

Accruing Interest 30-89 Days

90 Days or

December 31, 2019

Current Past Due More Past Due Nonaccrual

Total

Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 276,028 $ Construction and Land Development . . . . . . . . . . 196,600 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage. . . . . . . . 28,621 1st REM - 1-4 Family. . . . . . . . . . . . . . . . . . . . . . . . 36,671 LOCs and 2nd REM - Rentals . . . . . . . . . . . . . . . . . 18,527 1st REM - Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . 176,114 Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 515,014 CRE Owner Occupied . . . . . . . . . . . . . . . . . . . . . . . 66,584 CRE Non-owner Occupied . . . . . . . . . . . . . . . . . . . 592,545 Consumer and Other . . . . . . . . . . . . . . . . . . . . . . . . 4,470 Totals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,911,174 $ 403 $ — $ — — — — 400 — — — 3 Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 260,813 $ Construction and Land Development . . . . . . . . . . 209,843 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage. . . . . . . . 30,939 1st REM - 1-4 Family. . . . . . . . . . . . . . . . . . . . . . . . 37,705 LOCs and 2nd REM - Rentals . . . . . . . . . . . . . . . . . 12,443 1st REM - Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . 145,169 Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 407,934 CRE Owner Occupied . . . . . . . . . . . . . . . . . . . . . . . 64,360 CRE Non-owner Occupied . . . . . . . . . . . . . . . . . . . 490,632 Consumer and Other . . . . . . . . . . . . . . . . . . . . . . . . 4,201 Totals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,664,039 $ 311 $ 12 $ — — 200 — — — 98 — 1 Accruing Interest 30-89 Days December 31, 2018

— $

7 $ 276,035 176 196,776 — 28,621 — 36,671 144 18,671 134 176,648 — 515,014 — 66,584 — 592,545

—

— — — — — — — —

—

4,473

— $ 461 $ 1,912,038

90 Days or

Current Past Due More Past Due Nonaccrual

Total

— $

8 $ 260,833 198 210,041 317 31,256 — 37,905 — 12,443 — 145,169 — 407,934 — 64,458 — 490,632

—

— — — — — — — —

58

4,260

— $ 581 $ 1,664,931

At December 31, 2019, there were three loans classified as troubled debt restructurings with a current outstanding balance of $452. In comparison, at December 31, 2018, there were three loans classified as troubled debt restructurings with an outstanding balance of $437. There was one new loan classified as a troubled debt restructuring during the year ended December 31, 2019, and no loans classified as troubled debt restructurings during the previous twelve months that subsequently defaulted during the year ended December 31, 2019.

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