2021 Annual Report

Bridgewater Bancshares, Inc. and Subsidiaries Consolidated Statements of Comprehensive Income (dollars in thousands)

December 31, December 31, December 31, 2021 2020 2019 Net Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45,687 $ 27,194 $ 31,403 Other Comprehensive Income: Unrealized Gains (Losses) on Available for Sale Securities . . . . . . . . . . . . . (1,689) 6,394 9,514 Unrealized Gains (Losses) on Cash Flow Hedges . . . . . . . . . . . . . . . . . . . . . 3,991 (3,185) (962) Reclassification Adjustment for (Gains) Losses Realized in Income . . . . . . 770 (924) (525) Income Tax Impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (645) (480) (1,685) Total Other Comprehensive Income, Net of Tax . . . . . . . . . . . . . . . . . . . . . . . 2,427 1,805 6,342 Comprehensive Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 48,114 $ 28,999 $ 37,745

See accompanying notes to consolidated financial statements.

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