← Bridgewater Bancshares Inc
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $16.9m | $26.9m | $31.4m | $27.2m | $45.7m | $53.4m | $40.0m | $32.8m | $46.1m | |
| Net Amortization on Securities Available for Sale | $2.8m | $3.0m | $2.5m | $2.7m | $3.4m | $1.9m | $10k | ($1.4m) | ($3.6m) | |
| Depreciation of Premises and Equipment | $694k | $761k | $1.0m | $1.2m | $2.4m | $2.6m | $2.5m | $2.4m | $2.5m | |
| Amortization of Other Intangible Assets | $191k | $191k | $191k | $191k | $191k | $191k | $100k | $78k | $921k | |
| Amortization of Right-of use Asset | — | — | — | — | — | $497k | $534k | $559k | $558k | |
| Amortization of Subordinated Debt Issuance Costs | $43k | $103k | $103k | $223k | $441k | $416k | $383k | $382k | $402k | |
| Deferred Income Taxes | ($2.1m) | ($1.3m) | ($747k) | ($2.6m) | ($4.5m) | ($1.4m) | $676k | $24k | ($2.0m) | |
| Loss on Disposal of Premises and Equipment | — | — | $9k | $2k | — | $18k | $20k | — | $6k | |
| Net (Gain) Loss on Sales of Securities Available for Sale | $250k | $125k | ($516k) | ($1.5m) | ($750k) | ($82k) | $33k | ($385k) | ($614k) | |
| Provision for Credit Losses on Loans and Leases | — | — | — | — | $5.2m | $7.7m | $2.0m | $2.9m | $5.7m | |
| Provision (Credit) for Off-Balance Sheet Exposures | — | — | — | — | — | — | ($2.2m) | $625k | $400k | |
| Loan discount Accretion | — | — | — | — | — | — | — | — | ($1.7m) | |
| Cash Surrender Value of Bank-Owned Life Insurance | — | — | — | — | — | ($762k) | ($992k) | ($1.3m) | ($1.7m) | |
| Net Gain on Sales of Foreclosed Assets | ($356k) | $225k | ($69k) | — | — | — | — | ($62k) | — | |
| Stock-based Compensation | $368k | $799k | $752k | $1.7m | $2.4m | $3.3m | $4.0m | $3.9m | $4.2m | |
| Remeasurement of Interest Rate Swap | — | — | — | — | — | — | — | — | ($30k) | |
| Accrued Interest Receivable and Other Assets | ($122k) | ($7.6m) | $529k | ($5.1m) | ($4.1m) | ($14.1m) | ($21.9m) | $2.4m | ($13.9m) | |
| Accrued Interest Payable and Other Liabilities | $2.1m | $2.6m | $1.6m | ($13.7m) | $3.9m | $30.6m | $3.9m | $3.5m | ($9.3m) | |
| Decrease in Bank-Owned Certificates of Deposit | $1.6m | ($233k) | $651k | ($206k) | $984k | $695k | $1.2m | — | $4.4m | |
| Proceeds from Sales of Securities Available for Sale | $36.2m | $24.7m | $42.9m | $40.9m | $11.9m | $64.4m | $28.8m | $101.6m | $77.0m | |
| Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale | $23.4m | $23.0m | $41.1m | $32.6m | $44.2m | $38.2m | $32.7m | $65.6m | $153.9m | |
| Purchases of Securities Available for Sale | ($68.5m) | ($78.4m) | ($98.8m) | ($170.5m) | ($109.9m) | ($268.3m) | ($113.6m) | ($245.2m) | ($206.1m) | |
| Net Increase in Loans | ($346.2m) | ($317.5m) | ($247.6m) | ($411.3m) | ($492.6m) | ($749.9m) | ($157.9m) | ($26.2m) | ($438.8m) | |
| Purchase of FHLB Stock | — | — | — | — | — | — | ($87.1m) | ($88.8m) | ($59.7m) | |
| Redemption of FHLB Stock | — | — | — | — | — | — | $89.6m | $86.8m | $57.9m | |
| Purchases of Premises and Equipment | ($1.2m) | ($3.7m) | ($15.6m) | ($24.7m) | ($777k) | ($1.6m) | ($3.0m) | ($4.1m) | ($5.8m) | |
| Proceeds from Sales of Foreclosed Assets | $4.6m | $356k | $1.3m | $134k | — | — | $116k | $496k | $185k | |
| Cash Received, Net of Cash Paid for Acquisition | — | — | — | — | — | — | — | $17.3m | — | |
| Purchase of Bank-Owned Life Insurance | — | — | — | — | ($25.0m) | ($7.4m) | — | ($2.8m) | ($4.6m) | |
| Redemption of Bank-owned Life Insurance | — | — | — | — | — | — | — | — | $4.4m | |
| Net Increase in Deposits | $315.8m | $221.6m | $262.4m | $678.3m | $444.6m | $470.3m | $293.4m | $119.2m | $233.6m | |
| Net Decrease in Federal Funds Purchased | ($21.0m) | ($5.0m) | ($18.0m) | — | — | $287.0m | ($287.0m) | — | — | |
| Principal Payments on Notes Payable | ($2.0m) | ($2.0m) | ($2.0m) | ($2.0m) | ($11.0m) | — | — | — | ($13.8m) | |
| Proceeds from FHLB Advances | $29.0m | $70.0m | $42.5m | $100.0m | — | $158.0m | $679.5m | $997.0m | $1.2b | |
| Principal Payments on FHLB Advances | ($14.0m) | ($14.0m) | ($30.0m) | ($179.0m) | ($15.0m) | ($103.5m) | ($457.0m) | ($957.0m) | ($1.2b) | |
| Redemption of Subordinated Debt | — | — | — | — | ($11.2m) | ($13.8m) | — | — | ($50.0m) | |
| Stock Options Exercised | $180k | $106k | $258k | $317k | $724k | $577k | $963k | $763k | $1.9m | |
| Stock Repurchases | — | — | ($15.0m) | ($10.3m) | ($2.3m) | ($10.8m) | ($4.5m) | ($5.2m) | ($2.2m) | |
| Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards | — | — | — | ($39k) | ($439k) | ($620k) | ($457k) | ($634k) | ($713k) | |
| Shares Repurchased for Tax Withholdings Upon Exercise of Stock Options | — | — | — | — | — | ($115k) | ($129k) | ($73k) | ($33k) | |
| Issuance of Preferred Stock, net of Issuance Costs | — | — | — | — | $66.5m | — | — | — | — | |
| Federal | — | — | — | — | — | — | $5.7m | $2.9m | $8.3m | |
| State and Local | — | — | — | — | — | — | $4.7m | $2.9m | $6.0m | |
| Loans Transferred to Foreclosed Assets | $689k | — | $1.3m | $134k | — | — | $116k | $434k | $185k | |
| Premises and Equipment Transferred to Other Assets | — | — | — | $121k | — | — | — | — | $1.3m | |
| Fair Value of Assets Acquired | — | — | — | — | — | — | — | $282.2m | — | |
| Fair Value of Liabilities Assumed | — | — | — | — | — | — | — | $258.5m | — | |
| Net Assets Acquired | — | — | — | — | — | — | — | $23.7m | — | |
| Net Cash Provided by Operating Activities | $24.9m | $29.4m | $39.5m | $23.0m | $54.2m | $85.0m | $30.0m | $46.4m | $27.8m | |
| Net Cash Used in Investing Activities | ($350.2m) | ($354.2m) | ($276.2m) | ($530.3m) | ($571.4m) | ($938.2m) | ($209.2m) | ($95.2m) | ($417.5m) | |
| Issuance of Subordinated Debt, net of Issuance Costs | $24.5m | — | — | $48.8m | $29.3m | — | — | — | $78.6m | |
| Preferred Stock Dividends Paid | — | — | — | — | ($1.2m) | ($4.1m) | ($4.1m) | ($4.1m) | ($4.1m) | |
| Net Cash Provided by Financing Activities | $332.5m | $329.5m | $240.2m | $636.1m | $500.0m | $796.8m | $220.7m | $150.1m | $283.4m | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | $7.2m | $4.7m | $3.5m | $128.7m | ($17.2m) | ($56.4m) | $41.5m | $101.2m | ($106.2m) | |
| Cash and Cash Equivalents Beginning | $23.7m | $28.4m | $31.9m | $160.7m | $143.5m | $87.0m | $128.6m | $229.8m | $123.5m | |
| Cash Paid for Interest | $11.3m | $20.0m | $29.4m | $27.0m | $19.1m | $32.2m | $114.3m | $144.6m | $149.8m | |
| Total Cash Paid for Income Taxes | $12.1m | $7.9m | $7.6m | $10.7m | $19.4m | $20.6m | $10.4m | $5.8m | $14.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.