Bridgewater Bancshares, Inc._2023 Annual Report

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

Note 24: Accumulated Other Comprehensive Income (Loss) The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2023, 2022 and 2021:

Before Tax

Tax Effect

Net of Tax

(dollars in thousands)

Year Ended December 31, 2023 Net Unrealized Gain on Available for Sale Securities. . . . . . . . . . . . . . $ Less: Reclassification Adjustment for Net Losses Included in Net Income.................................................. TotalUnrealizedGain...................................... Net Unrealized Gain on Cash Flow Hedge . . . . . . . . . . . . . . . . . . . . . . Less: Reclassification Adjustment for Gains Included in Net Income. . TotalUnrealizedLoss...................................... Year Ended December 31, 2022 Net Unrealized Loss on Available for Sale Securities . . . . . . . . . . . . . . $ Less: Reclassification Adjustment for Net Gains Included in Net Income.................................................. TotalUnrealizedLoss...................................... Net Unrealized Gain on Cash Flow Hedge . . . . . . . . . . . . . . . . . . . . . . Less: Reclassification Adjustment for Gains Included in Net Income. . TotalUnrealizedGain...................................... Year Ended December 31, 2021 Net Unrealized Loss on Available for Sale Securities . . . . . . . . . . . . . . $ Less: Reclassification Adjustment for Net Gains Included in Net Income.................................................. TotalUnrealizedLoss...................................... Net Unrealized Gain on Cash Flow Hedge . . . . . . . . . . . . . . . . . . . . . . Less: Reclassification Adjustment for Losses Included in Net Income . TotalUnrealizedGain...................................... OtherComprehensiveLoss.................................. $ OtherComprehensiveLoss.................................. $

3,339 $

(959) $

2,380

33

(9)

24

3,372

(968)

2,404

2,299 (6,102) (3,803)

(660)

1,639 (4,347) (2,708)

1,755 1,095

(431) $

127 $

(304)

(56,914) $

15,649 $

(41,265)

(82)

23

(59)

(56,996)

15,672

(41,324)

20,430

(6,048)

14,382

(8)

2

(6)

20,422

(6,046)

14,376

(36,574) $

9,626 $

(26,948)

(1,689) $

355 $

(1,334)

(750)

157 512

(593)

(2,439)

(1,927)

3,991 1,520 5,511

(838) (319)

3,153 1,201 4,354

(1,157)

OtherComprehensiveGain.................................. $

3,072 $

(645) $

2,427

133