Annual Review 2019

Why? we see banking D i f f e r e n t ly. In everything we do, we aim to challenge The status quo. We are a team of nimble Banking professionals who want to redefine What it means to work in this industry. We believe that banking should Be unconventional. Our dedicated Team provides an unparalleled experience and our Clients notice a difference. Like true Entrepreneurs , we value responsiveness and Quick action. Accuracy is the foundation Of our business, and together we learn from each experience. Our journey began in 2005, but our story Of growth is just getting started. That’s The refreshing attitude of the finest In the twin cities. Entrepreneurial bank

fellow CLIENTS AND SHAREHOLDERS,

We often get asked the question, “Why Bridgewater?” When you look at our local team, our commitment to responsive support and our unconventional client experience, the question seems to beg – “Why not Bridgewater?” If you are a client or shareholder, thank you for your continued support and patronage. It is a privilege to serve you. For those who are not, I invite you to see what makes Bridgewater the bank of choice in the Twin Cities. It’s a decision you won’t regret. As a team, we set the bar higher each year, and 2019 was no exception. The Bank posted healthy financial returns as we completed our 14th straight year of profitability. We surpassed $2 billion in assets and held our position as one of the largest banks headquartered in Minnesota. We were voted best bank in three Finance & Commerce Reader Rankings categories: Best Commercial Bank, Best Commercial Mortgage Lender and Best Small Business Bank. The doors of our new Bloomington branch opened, and progress on our new headquarters, Bridgewater Corporate Center, continued. We look forward to debuting this 84,000 square foot state-of-the-art facility in summer 2020. In true Bridgewater fashion, it will be a banking space unlike any other. While we celebrate the success of the past year, we are also planning for the future. Looking ahead, several strategies are underway in which we plan to invest in the Bridgewater experience, including enhanced digital technologies, expanded product offerings and exciting facility developments. As Bridgewater continues to grow, our commitment to operate as the premier real estate and small business lender in the Twin Cities will not change. We know clients expect the best of both worlds: the sophistication of a larger institution, with the unparalleled client service of a flexible, local bank. Building your bank continues to be an incredibly rewarding journey. While numbers show Bridgewater’s financial position, our success goes beyond that. As always, I remain appreciative of the efforts of our network. Every success from 2019 is a reflection of your trust in us. To our shareholders, thank you for your continued trust in Bridgewater Bank. It is a privilege to be building your bank. To our clients, we recognize that you havemany banking options, andwe appreciate you selecting Bridgewater as your bank of choice. To our teammembers, your dedication makes our success a reality. Thank you for sharing your talents, expertise and commitment with the Finest Entrepreneurial Bank in the Twin Cities.

Jerry Baack Chairman of the Board

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