Bridgewater Bancshares, Inc._2023 Annual Report

ENVIRONMENTAL, SOCIAL AND GOVERNANCE After formally launching an ESG program in 2021, Bridgewater has continued to deliver on our commitment of establishing and advancing impactful initiatives that support our corporate responsibility as one of the largest locally-led banks in the Twin Cities. Below are highlights from each of our four ESG Priorities in 2023.

TEAM MEMBERS, CLIENTS & COMMUNITIES

Leverage our unconventional corporate culture to leave a positive lasting impact on our team members, clients and communities • Named a Star Tribune Top Workplace for the fourth consecutive year and a Best Bank to Work For by American Banker for the fifth time in six years • Reaffirmed our commitment to downtown Minneapolis by opening a new branch to support clients in the area • Contributed $312 thousand to various CRA-related causes, including affordable housing, community service and education

DIVERSITY, EQUITY & INCLUSION

Create a diverse, equitable and inclusive work environment and community • Conducted an all-team diversity training initiative focused on awareness and education of workplace microaggressions • Continued to promote gender and ethnic diversity across the organization as 52% of team members identify as female while 20% identify as people of color

CORPORATE GOVERNANCE

Ensure strong corporate governance oversight, including an effective risk management framework to support a growing organization • Eliminated the classified structure of our Board of Directors to better align with corporate governance best practices • Adopted an executive compensation clawback policy which requires the return of certain incentive compensation in the event of a financial restatement

ENVIRONMENTAL IMPACT

Contribute to a healthier natural environment in the communities in which we live and work • Earned ENERGY STAR® certification for the Bridgewater Bank Corporate Center for the second consecutive year • Donated over 300 computers to PCs for People since 2020, providing technology equipment to members of our community in need while reducing overall electronic waste

For more information on Bridgewater’s ESG commitment and priorities, please visit our ESG webpage at www.BWBMN.com/about-bridgewater/esg 7