Bridgewater Bancshares Inc

Bridgewater Bancshares, Inc. is a Minnesota corporation and financial holding company that operates through its wholly-owned subsidiary, Bridgewater Bank. The Bank also has two wholly-owned subsidiaries: BWB Holdings, LLC, which holds repossessed property, and Bridgewater Investment Management, Inc., which holds municipal securities and engages in municipal lending. The Bank operates nine full-service offices in Minnesota, located in Bloomington, Greenwood, Minneapolis (2), Minnetonka, Orono, Lake Elmo, St. Louis Park, and St. Paul. The Lake Elmo branch opened in February 2026. The Company's headquarters are in St. Louis Park, Minnesota. Established in 2005, the Company focuses on providing support and solutions to businesses, entrepreneurs, and individuals. Since its inception, the Company has grown significantly, primarily through organic growth driven by commercial real estate (CRE) lending. Assets have grown at a compounded annual growth rate of 28.6% since 2005, reaching $1.0 billion in 2016, $3.0 billion in 2021, and $5.0 billion in 2024. The Company has also completed two bank acquisitions, including First Minnetonka City Bank (FMCB) in December 2024. This acquisition added approximately $245.0 million of assets, $225.7 million of deposits, $117.1 million of loans and leases, and two branch locations in Minnetonka, Minnesota. One of these branches was closed in December 2025. The acquisition also introduced an investment advisory function offering non-deposit investment products through a third-party arrangement. As of December 31, 2025, total assets were $5.41 billion, total gross loans were $4.31 billion, total deposits were $4.32 billion, and total shareholders' equity was $517.1 million. The primary sources of funds for loans and investments include transaction, savings, time, and brokered deposits, as well as short-term and long-term borrowings.