Bridgewater Bancshares, Inc. Annual Report

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

Note 3: Bank-Owned Certificates of Deposit

Certificates of deposit in other financial institutions by maturity are as follows:

2019

2018

Certificates of Deposit at Cost Maturing in: One Year or Less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,229 $ 1,586 After One Year Through Five Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,425 1,719 $ 2,654 $ 3,305

Note 4: Securities The following tables present the amortized cost and estimated fair value of securities with gross unrealized gains and losses at December 31, 2019 and 2018:

December 31, 2019 Gross Gross Amortized Unrealized Unrealized Cost

Gains Losses Fair Value

Securities Available for Sale: U.S. Treasury Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,990 $ Municipal Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99,441 6,338 (36) 105,743 Mortgage-Backed Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,312 697 (281) 64,728 Corporate Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,674 633 (131) 50,176 SBA Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,126 35 (602) 49,559 Asset-Backed Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,673 — — 14,673 Total Securities Available for Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 283,216 $ 7,711 $ (1,050) $ 289,877 8 $ — $ 4,998

December 31, 2018 Gross Gross Amortized Unrealized Unrealized Cost

Gains Losses Fair Value

Securities Available for Sale: U.S. Treasury Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 17,862 $ 54 $ (19) $ 17,897 Municipal Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117,991 1,257 (1,115) 118,133 Mortgage-Backed Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,816 52 (1,692) 47,176 Corporate Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,170 72 (124) 21,118 SBA Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,876 13 (835) 49,054 Total Securities Available for Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 255,715 $ 1,448 $ (3,785) $ 253,378

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