2020 Annual Report

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

Note 23: Accumulated Other Comprehensive Income (Loss)

The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018.

Before Tax Tax Effect Net of Tax

Year Ended December 31, 2020 Net Unrealized Gain on Available for Sale Securities. . . . . . . . . . . . . . . . . . . $ Less: Reclassification Adjustment for Net Gains Included in Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Unrealized Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net Unrealized Loss on Cash Flow Hedge . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Reclassification Adjustment for Losses Included in Net Income . . . . . . Total Unrealized Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Year Ended December 31, 2019 Net Unrealized Gain on Available for Sale Securities. . . . . . . . . . . . . . . . . . . $ Less: Reclassification Adjustment for Net Gains Included in Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Unrealized Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net Unrealized Loss on Cash Flow Hedge . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Reclassification Adjustment for Gains Included in Net Income. . . . . . . Total Unrealized Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Year Ended December 31, 2018 Net Unrealized Loss on Available for Sale Securities . . . . . . . . . . . . . . . . . . . $ Less: Reclassification Adjustment for Net Losses Included in Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Unrealized Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net Unrealized Gain on Cash Flow Hedge . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Reclassification Adjustment for Gains Included in Net Income. . . . . . . Total Unrealized Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other Comprehensive Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Other Comprehensive Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

6,394 $

(1,343) $

5,051

(1,503)

316

(1,187)

4,891

(1,027)

3,864

(3,185)

669

(2,516)

579

(122)

457

(2,606)

547

(2,059)

2,285 $

(480) $

1,805

9,514 $

(1,998) $

7,516

(516)

109

(407)

8,998

(1,889)

7,109

(962)

202

(760)

(9)

2

(7)

(971)

204

(767)

8,027 $

(1,685) $

6,342

(3,804) $

852 $

(2,952)

125

(26)

99

(3,679)

826

(2,853)

9

(2)

7

—

—

—

9

(2)

7

Other Comprehensive Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

(3,670) $

824 $

(2,846)

137