Bridgewater Bancshares, Inc._2023 Annual Report

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

Note 25: Parent Company Financial Information The following information presents the condensed balance sheets of the Company as of December 31, 2023 and 2022, and the condensed statements of income and cash flows of the Company for the years ended December 31, 2023, 2022 and 2021: Condensed Balance Sheets ASSETS Cash and Cash Equivalents ................................................... $ Investment in Subsidiaries .................................................... Premises and Equipment, Net ................................................. OtherAssets ............................................................... 3,180 TotalAssets ............................................................ $ 522,620 $ 489,369 LIABILITIES AND EQUITY LIABILITIES Notes Payable .............................................................. $ 13,750 $ 13,750 Subordinated Debentures, Net of Issuance Costs .................................. 79,288 78,905 Accrued Interest Payable ..................................................... 1,765 452 OtherLiabilities ............................................................ 2,302 2,198 Total Liabilities ......................................................... 97,105 95,305 SHAREHOLDERS’ EQUITY Preferred Stock—$0.01 par value Preferred Stock—Authorized 10,000,000 ..................................... 66,514 66,514 Common Stock—$0.01 par value Voting Common Stock—Authorized 75,000,000 ............................... 277 278 Additional Paid - In Capital .................................................... 96,320 96,529 RetainedEarnings .......................................................... 280,650 248,685 Accumulated Other Comprehensive Income (Loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (18,246) (17,942) Total Shareholders’ Equity ............................................... 425,515 394,064 Total Liabilities and Shareholders' Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 522,620 $ 489,369 27,733 $ 37,414 447,931 488,355 3,760 2,772 844 December 31, December 31, (dollars in thousands) 2023 2022

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