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Bridgewater Bank

Saint Louis Park, MN · Cert 58210 · Bridgewater Bancshares Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

$5.4BAssets
$4.4BLoans
$4.4BDeposits
$631.1MEquity
Loan mix
86%RE $3.6B14%C&I $0.6B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $3.5B19%Noninterest $0.8BQ2 2025Q2 2026

NIM

5.21%Q2 ’245.34%Q2 ’255.48%Q2 ’26+16%+17%

Non-interest income vs. expense

1.29%Q2 ’241.43%Q2 ’251.62%Q2 ’26+2%+21%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 1.7% share · #9 of 125 inst. · $4.4B of $253.2B

2.9% Hennepin
0.3% Ramsey
0.1% Washington

Executive Summary

  • Earnings: ROA of 1.17%, up 19 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.49% of loans (+25 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 11.65%, up 106 bps from a year ago.
  • Funding: loans stand at 101.32% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.17%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.06%+44 bps YoY

Efficiency Ratio (quarter, annualized)

49.62%+7 bps YoY

Tier 1 Leverage Ratio

11.65%+106 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.98%1.01%1.12%1.42%1.17%+19 bps
Return on Equity9.40%9.53%10.30%12.68%10.12%+71 bps
Net Interest Margin2.62%2.68%2.77%2.94%3.06%+44 bps
Efficiency Ratio49.55%50.58%48.12%52.62%49.62%+7 bps
Non-Interest Burden1.19%1.30%1.23%1.48%1.44%+25 bps
Growth
Asset Growth (YoY)12.99%14.23%6.73%3.83%1.68%-1,131 bps
Loan Growth (YoY)9.07%14.30%11.36%8.64%6.76%-231 bps
Deposit Growth (YoY)11.93%14.55%5.78%3.52%1.91%-1,002 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.24%0.51%0.27%0.49%+25 bps
Net Charge-Offs / Loans0.00%0.03%0.11%0.05%0.04%+4 bps
Allowance / Loans1.35%1.34%1.31%1.31%1.30%-5 bps
Allowance Coverage of NPLs5.5x5.6x2.6x4.9x2.7x-2.9x
Capital
Tier 1 Leverage Ratio10.58%10.43%10.65%11.45%11.65%+106 bps
Total Risk-Based Capital13.41%13.43%13.49%13.92%13.98%+57 bps
Equity / Assets10.39%10.71%11.02%11.44%11.73%+134 bps
Liquidity & Funding
Loans / Deposits96.72%97.40%99.02%100.77%101.32%+460 bps
Liquid Assets / Assets3.71%2.12%1.96%3.88%2.85%-86 bps
CRE / Total Capitaln/a541%535%520%n/an/a