Annual Report 2015

Financial Summary

Bridgewater Bancshares, Inc.

Consolidated Statement of Income

INTEREST INCOME

2015

2014

Loans, Including Fees Investment Securities

$37,432,272

$31,497,059

2,149,974

1,594,645

Entrepreneurial with an Owner’s Perspective.

Other

317,323

291,818

Total Interest Income

39,899,569

33,383,522

INTEREST EXPENSE Deposits

5,164,444

3,739,256

Note Payable

780,522 445,203 105,000

663,624 141,759 38,727

Federal Home Loan Bank Advances

Subordinated Debt

Federal Funds Purchased

2,370

909

Total Interest Expense

6,497,539 33,402,030 1,500,000 31,902,030

4,584,275 28,799,247 1,500,000 27,299,247

NET INTEREST INCOME

PROVISION FOR LOAN LOSSES

NET INTEREST INCOME, AFTER PROVISION FOR LOAN LOSSES

OTHER INCOME

Customer Service Fees

260,751 573,748 395,773

222,080 269,727 373,350 865,157

Gain on Sale of Available-for-Sale Securities

Other Income

Total Other Income

1,230,272

OTHER EXPENSES

Salaries and Employee Benefits Loss on Foreclosed Assets, Net

9,318,196

6,894,889 (110,291)

65,220

Occupancy

1,213,170

852,935 607,870 496,814 442,399 328,049 211,575 250,272

Contents

Computer Expense

782,533 580,452 610,917 334,133 202,498 95,671

Marketing and Advertising

Consolidated Statement of Income Consolidated Balance Sheet Shareholder Equity Directors

Outside Services

19 20 21 22-23

Furniture and Equipment Loan and Collection Expense Foreclosed Asset Expense

Other

1,679,934 14,882,724 18,249,578 7,054,855 11,194,723

1,899,346 11,873,858 16,290,546 6,364,959 9,925,587 749,666 (269,727) 512,143 992,082

Total Other Expenses

INCOME BEFORE PROVISION FOR INCOME TAXES

PROVISION FOR INCOME TAXES

NET INCOME

OTHER COMPREHENSIVE INCOME Unrealized Gains on Available-for-Sale Securities Reclassification Adjustment for Gains Realized in Income

1,047,456 (573,748) (163,309)

Income Tax Expense

Total Other Comprehensive Income

310,399

$11,505,122

$10,917,669

TOTAL COMPREHENSIVE INCOME

Unconventional | Responsive | Dedicated | Growing | Accurate

19