2020 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, 2020 and 2019, based on the most recent analysis performed by management:

December 31, 2020

Pass

Watch Substandard

Total

Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 289,465 $ 14,516 $ Paycheck Protection Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138,454 — Construction and Land Development . . . . . . . . . . . . . . . . . . . . . . 170,061 — Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage. . . . . . . . . . . . . . . . . . . . 29,396 —

239 $ 304,220 — 138,454 156 170,217 884 30,280 — 41,942 — 20,678 614 201,579 — 626,465

1st REM - 1-4 Family. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,239 LOCs and 2nd REM - Rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,678 1st REM - Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,965 Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 626,465 CRE Owner Occupied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74,734

703

— — — —

870 75,604 CRE Nonowner Occupied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 667,336 29,576 12,388 709,300 Consumer and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,676 — 13 7,689 Totals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,266,469 $ 44,795 $ 15,164 $ 2,326,428

December 31, 2019 Watch Substandard

Pass

Total

Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 275,741 $ 21 $ Construction and Land Development . . . . . . . . . . . . . . . . . . . . . . 196,462 138

273 $ 276,035 176 196,776

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

28,483 138 36,370 124 17,890 479

—

28,621 36,671 18,671

177 302

1st REM - Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174,781 1,287 Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 515,014 —

580 176,648 — 515,014

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

65,411

—

1,173

66,584

CRE Nonowner Occupied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 589,457 3,088 Consumer and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,473 Totals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,904,068 $ 5,275 $ 2,695 $ 1,912,038 4,459 — 14 — 592,545

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