Bridgewater Bancshares, Inc._2023 Annual Report

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

Note 5: Loans The following table presents the components of the loan portfolio at December 31, 2023 and 2022:

December 31, December 31,

(dollars in thousands) 2022 Commercial............................................. $ 464,061 $ 436,393 Construction and Land Development ........................ 232,804 295,554 1-4FamilyConstruction................................... 65,087 70,242 Real Estate Mortgage: 1-4FamilyMortgage................................... 402,396 355,474 Multifamily........................................... 1,388,541 1,306,738 CREOwnerOccupied.................................. 175,783 149,905 CRENonownerOccupied............................... 987,306 947,008 TotalRealEstateMortgageLoans........................... 2,954,026 2,759,125 ConsumerandOther...................................... 8,304 8,132 Total Loans, Gross ...................................... 3,724,282 3,569,446 Allowance for Credit Losses ............................... (50,494) (47,996) Net Deferred Loan Fees ................................... (6,573) (9,293) TotalLoans,Net........................................ $3,667,215 $3,512,157 2023

The following tables present the aging in past due loans and nonaccrual status, with and without an ACL, by loan segment as of December 31, 2023 and 2022: Accruing Interest 30-89 Days 90 Days or Nonaccrual Nonaccrual (dollars in thousands) Current Past Due More Past Due with ACL without ACL Total December 31, 2023 Commercial ..................... $ 463,966 $ — $ — $ — $ 95 $ 464,061 Construction and Land Development 232,724 — — — 80 232,804 1-4 Family Construction ........... 64,838 — — — 249 65,087 Real Estate Mortgage: 1-4 Family Mortgage ............. 402,396 — — — — 402,396 Multifamily . . . . . . . . . . . . . . . . . . . . . 1,373,431 15,110 — — — 1,388,541 CRE Owner Occupied ............ 175,289 — — — 494 175,783 CRE Nonowner Occupied ......... 987,306 — — — — 987,306 Consumer and Other ............. 8,303 — — — 1 8,304 Totals......................... $3,708,253 $15,110 $ — $ — $ 919 $ 3,724,282

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