Bridgewater Bancshares, Inc. Annual Report

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

Note 25: Quarterly Condensed Financial Information (Unaudited) The following tables present the unaudited quarterly condensed financial information for the years ended December 31, 2019 and 2018:

2019 Quarter Ended

March 31

June 30

September 30

December 31

(dollars in thousands) Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 24,267 $ Interest Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,136 Net Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for Loan Losses . . . . . . . . . . . . . . . . . . . . . . . Net Interest Income after Provision for Loan Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Noninterest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Noninterest Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Before Income Taxes . . . . . . . . . . . . . . . . . . Provision for Income Taxes . . . . . . . . . . . . . . . . . . . . . . Earnings per share Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,018 $ 0.23 $ 0.23 $ 17,131 600 16,531 634 7,885 9,280 2,262 Net Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for Loan Losses . . . . . . . . . . . . . . . . . . . . . . . Net Interest Income after Provision for Loan Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Noninterest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Noninterest Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Before Income Taxes . . . . . . . . . . . . . . . . . . Provision (Benefit) for Income Taxes . . . . . . . . . . . . . . Earnings per share Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,950 $ 0.23 $ 0.23 $ 14,763 600 14,163 387 6,532 8,018 2,068 March 31 (dollars in thousands) Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 18,710 $ Interest Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,947

25,520 $

26,572 $

27,419 7,491 19,928

7,382 18,138

7,637 18,935

600

900

600

17,538 1,134 9,474 9,198 1,189

18,035

19,328 1,112 10,489 9,951 1,380 8,571

946

9,084 9,897 2,092

8,009 $

7,805 $

0.27 $ 0.26 $

0.27 $ 0.27 $

0.30 0.29

2018 Quarter Ended

June 30

September 30

December 31

20,392 $

22,136 $

23,988 6,546 17,442

4,493 15,899

5,502 16,634 1,275

900

800

14,999

15,359

16,642

485

814

857

6,464 9,020 2,274

7,526 8,647 2,184

11,040 6,459 (1,302)

6,746 $

6,463 $

7,761

0.22 $ 0.22 $

0.22 $ 0.21 $

0.26 0.25

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