Bridgewater Bank Annual Report

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

Accruing Interest 30-89 Days

90 Days or

December 31, 2017

Current Past Due More Past Due Nonaccrual

Total

Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 217,734 $ 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 . . . . . . . . . . . . . . . . . . 13,474 160 1st REM - Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . 119,876 268 Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 317,872 — CRE Owner Occupied . . . . . . . . . . . . . . . . . . . . . . . . 65,686 223 CRE Non-owner Occupied . . . . . . . . . . . . . . . . . . . . 415,034 — — — —

10 $

— $

9 $ 217,753 583 130,586 347 28,585 125 33,344 — 13,634 — 120,144 — 317,872 — 65,909 — 415,034

—

— — — — — — — —

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

4,174

3

75

4,252

Totals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,345,310 $ 664 $

— $ 1,139 $ 1,347,113

At December 31, 2018, there were three loans classified as troubled debt restructurings with a current outstanding balance of $437. In comparison, at December 31, 2017, there were nine loans classified as troubled debt restructurings with an outstanding balance of $2,928 .There were no new loans classified as troubled debt restructurings during the year ended December 31, 2018 and no loans classified as troubled debt restructurings during the previous twelve months that subsequently defaulted during the year ended December 31, 2018. Note 6: Premises and Equipment Premises and equipment are summarized as follows for the years ended December 31, 2018 and 2017:

Estimated

December 31,

Useful Lives

2018

2017

N/A

Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Leasehold Improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Furniture and Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Construction in Progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ 5,174 $ 3,335

39 Years 3 - 10 Years 3 - 5 Years

3,462 2,718 3,191 2,494

4,898 2,251 2,730

N/A

176

17,039 13,390 (3,965) (3,275) $ 13,074 $ 10,115

Depreciation and amortization expense charged to noninterest expense for the years ended December, 31, 2018, 2017 and 2016, totaled $761, $694, and $586, respectively.

100