2020 Annual Report

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

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2020, 2019 and 2018.

Accumulated

Available For

Other Comprehensive

Sale Securities Cash Flow Hedge

Income (Loss)

Year Ended December 31, 2020 Balance at Beginning of Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Other Comprehensive Income (Loss) Before Reclassifications . . Amounts Reclassified from Accumulated Other Comprehensive Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net Other Comprehensive Income (Loss) During Period . . . . . . . . Balance at End of Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Year Ended December 31, 2019 Balance at Beginning of Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Other Comprehensive Income (Loss) Before Reclassifications . . Amounts Reclassified from Accumulated Other Comprehensive Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net Other Comprehensive Income (Loss) During Period . . . . . . . . Balance at End of Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Year Ended December 31, 2018 Balance at Beginning of Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other Comprehensive Income (Loss) Before Reclassifications . . Amounts Reclassified from Accumulated Other Comprehensive Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net Other Comprehensive Income (Loss) During Period . . . . . . . . Balance at End of Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

5,263 $

(489) $

4,774 2,535

5,051

(2,516)

(1,187)

457

(730)

3,864

(2,059)

1,805 6,579

9,127 $

(2,548) $

(1,846) $

278 $

(1,568)

7,516

(760)

6,756

(407)

(7)

(414)

7,109

(767)

6,342 4,774

5,263 $

(489) $

860 $

224 $

1,084

147

47

194

(2,952)

7

(2,945)

99

—

99

(2,853)

7

(2,846) (1,568)

(1,846) $

278 $

138