Bridgewater Bank Annual Report

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

The following tables present the risk category of loans by loan segment as of December 31, 2018 and 2017, based on the most recent analysis performed by management:

December 31, 2018

Pass

Watch Substandard

Total

Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 260,225 $ 600 $ Construction and Land Development . . . . . . . . . . . . . . . . . . . . . . . 207,174 2,669

8 $ 260,833 198 210,041

Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage. . . . . . . . . . . . . . . . . . . . . 1st REM - 1-4 Family. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LOCs and 2nd REM - Rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30,669 587 37,526 126 11,341 628

—

31,256 37,905 12,443

253 474

1st REM - Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142,357 1,854 Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 407,934 —

958 145,169 — 407,934

CRE Owner Occupied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

62,223

—

2,235

64,458

CRE Non-owner Occupied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 487,438 3,194 4,260 Totals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,651,089 $ 9,658 $ 4,184 $ 1,664,931 — 490,632 Consumer and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,202 — 58

December 31, 2017

Pass

Watch Substandard

Total

Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 217,739 $ Construction and Land Development . . . . . . . . . . . . . . . . . . . . 130,003 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage. . . . . . . . . . . . . . . . . . 28,238 1st REM - 1-4 Family. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,219 LOCs and 2nd REM - Rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,409 1st REM - Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118,891 Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 317,806 CRE Owner Occupied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63,290 CRE Non-owner Occupied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 409,533 Consumer and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,177

— $

14 $ 217,753 583 130,586 347 28,585 125 33,344 225 13,634

—

— — —

— 1,253 120,144

—

66 317,872

— 2,619 65,909

5,501

— 415,034

— 4,252 Totals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,336,305 $ 5,501 $ 5,307 $ 1,347,113 The following tables present the aging of the recorded investment in past due loans by loan segment as of December 31, 2018 and 2017: 75

Accruing Interest 30-89 Days

90 Days or

December 31, 2018

Current Past Due More Past Due Nonaccrual

Total

Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 260,813 $ Construction and Land Development . . . . . . . . . . . 209,843

12 $

— $

8 $ 260,833 198 210,041 317 31,256 — 37,905 — 12,443 — 145,169 — 407,934 — 64,458 — 490,632

—

—

Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage. . . . . . . . . 1st REM - 1-4 Family. . . . . . . . . . . . . . . . . . . . . . . . . LOCs and 2nd REM - Rentals . . . . . . . . . . . . . . . . . .

30,939 37,705 12,443

—

— — — — — —

200

— — — 98 —

1st REM - Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . 145,169 Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 407,934 CRE Owner Occupied . . . . . . . . . . . . . . . . . . . . . . . . 64,360 CRE Non-owner Occupied . . . . . . . . . . . . . . . . . . . . 490,632

Consumer and Other . . . . . . . . . . . . . . . . . . . . . . . . .

4,201

1

—

58

4,260

Totals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,664,039 $ 311 $

— $ 581 $ 1,664,931

99