Bridgewater Bancshares, Inc._2023 Annual Report

cybersecurity policies and practices, ongoing efforts to improve security, as well as the Company’s efforts to prevent, detect, mitigate, and remediate significant cybersecurity incidents. Risks from cybersecurity threats, including any previous cybersecurity events, have not materially affected the Company or its business strategy, results of operations or financial condition. Notwithstanding the comprehensive approach that the Company takes to address cybersecurity risk, the Company may not be successful in preventing or mitigating a future cybersecurity incident that could have a material adverse effect on the Company or its business strategy, results of operations or financial condition. ITEM 2. PROPERTIES Our corporate headquarters is located at 4450 Excelsior Boulevard, Suite 100, St. Louis Park, Minnesota 55416. Including our corporate headquarters, we operate seven full-service branch offices located in the Twin Cities MSA. We currently own three of our branch offices located in Orono, St. Louis Park and Minneapolis (Hennepin Avenue), and lease the remaining four locations. In February 2023, the Company purchased a parcel of land in Lake Elmo, Minnesota, upon which it intends to construct a branch office. Additional information regarding our locations is set forth below:

Address

Owned/Leased

Headquarters and St. Louis Park Branch: 4450 Excelsior Boulevard, Suite 100, St. Louis Park, Minnesota 55416 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other Branch Locations: 21500Highway7,Greenwood,Minnesota55331 ............................................... 60 South Sixth Street, Suite 285, Minneapolis, Minnesota 55402 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2445ShadywoodRoad,Orono,Minnesota55331............................................... 3100 Hennepin Avenue, Minneapolis, Minnesota 55408 (1) ........................................... 370WabashaStreetN.,St.Paul,Minnesota55102 .............................................. 7831 East Bush Lake Road, Suite 300, Bloomington, Minnesota 55439 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Owned

Leased Leased Owned Owned Leased Leased

(1) Does not include the leased drive - up property located adjacent to the branch.

ITEM 3. LEGAL PROCEEDINGS Neither the Company nor any of its subsidiaries is a party, and no property of these entities is subject, to any material pending legal proceedings, other than ordinary routine litigation incidental to the Bank’s business. The Company does not know of any proceeding contemplated by a governmental authority against the Company or any of its subsidiaries. ITEM 4. MINE SAFETY DISCLOSURES Not applicable. PART II ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Our common stock trades on the Nasdaq Stock Market (“Nasdaq”) under the symbol “BWB.” Our depository shares, each representing a 1/100 th ownership interest in a share of our 5.875% Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share (“Series A Preferred Stock”), trade on Nasdaq under the symbol “BWBBP”.

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