2020 Annual Report

Bridgewater Bancshares, Inc. and Subsidiaries Consolidated Statements of Comprehensive Income (dollars in thousands)

December 31, December 31, December 31, 2020 2019 2018 Net Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 27,194 $ 31,403 $ 26,920 Other Comprehensive Income (Loss): Unrealized Gains (Losses) on Available for Sale Securities . . . . . . . . . . . . . . 6,394 9,514 (3,804) Unrealized Gains (Losses) on Cash Flow Hedges . . . . . . . . . . . . . . . . . . . . . . (3,185) (962) 9 Reclassification Adjustment for (Gains) Losses Realized in Income . . . . . . . (924) (525) 125 Income Tax Impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (480) (1,685) 824 Total Other Comprehensive Income (Loss), Net of Tax . . . . . . . . . . . . . . . . . . 1,805 6,342 (2,846) Comprehensive Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 28,999 $ 37,745 $ 24,074

See accompanying notes to consolidated financial statements.

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