Bridgewater Bancshares, Inc. Annual Report

Bridgewater Bancshares, Inc. and Subsidiaries Consolidated Statements of Shareholders’ Equity (amounts in thousands, except share data)

Accumulated

Additional

Other

Shares

Common Stock

Paid-In Retained Comprehensive

Voting

Non-voting Voting Non-voting Capital Earnings Income (Loss) Total

BALANCE, December 31, 2016 . . 20,744,001 3,845,860 $ 207 $

38 $ 65,777 $ 52,619 $

(3,275) $ 115,366

Stock-based Compensation . . . . . Comprehensive Income . . . . . . . . . . . Stock Options Exercised . . . . . . . . . Stock-based Compensation . . . . . Comprehensive Income (Loss) . . . . . Issuance of Common Stock, Net of Issuance Costs . . . . . Conversion of Non- voting Stock to Voting Stock . . . . . . Stock Options Exercised . . . . . . . . . Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act to Retained Earnings. . . . . . . . . . Stock-based Compensation . . . . . Comprehensive Income . . . . . . . . . . . Stock Options Exercised . . . . . . . . .

— —

—

368

—

—

368

—

—

— —

—

— 16,889

4,359 21,248

90,000

—

1

—

179

—

—

180

BALANCE, December 31, 2017 . . 20,834,001 3,845,860 208

38 66,324 69,508

1,084

137,162

—

— —

—

799

—

—

799

—

— —

—

— 26,920

(2,846) 24,074

54

— 58,803

—

— 58,857

5,379,513

—

3,845,860 (3,845,860) 38

(38)

—

—

—

—

37,900

—

1

—

105

—

—

106

— —

—

—

(194)

194

—

—

BALANCE, December 31, 2018 . . 30,097,274

— 301

—

126,031 96,234

(1,568)

220,998

—

— —

—

752

—

—

752

—

— —

—

— 31,403

6,342 37,745

74,850

—

1

—

257

— —

—

258

— (14,946)

— (14,959)

Stock Repurchases . . . (1,331,512)

— (13)

Issuance of

Restricted Stock Awards. . . . . . . . . . .

132,960

—

1

—

(1)

—

—

—

BALANCE, December 31, 2019 . . 28,973,572

— $ 290 $

— $ 112,093 $ 127,637 $

4,774 $ 244,794

See accompanying notes to consolidated financial statements.

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