Bridgewater Bank in Bloomington, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bridgewater Bank in Bloomington, Minnesota (MN)
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Bridgewater Bank - Overview

  • General
  • FDIC Certificate #: 58210
    Status: Active
    Federal Reserve ID: 3378773
    Bank Holding Company (Regulatory Top Holder): Bridgewater Bancshares, Inc. (RSSDID: 3378764, Location: Bloomington, MN)
    Date Established: November 02, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 442260
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 02, 2005
    Last Structure Change Effective Date: January 25, 2008
    Last Structure Change Process Date: January 28, 2008
    Last Data Update: January 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 3800 American Boulevard West, Suite 100, Bloomington, MN 55431
    County: Hennepin
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $410.3 mil
    Equity capital: $34.7 mil
    Deposits held in domestic offices: $374.9 mil
    Return on assets (ROA): 0.70% ($2.9 mil)
    Quarterly return on assets: 0.55% ($2.3 mil)
    Return on Equity (ROE): 7.94% ($2.8 mil)
    Quarterly return on equity: 6.36% ($2.2 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.24% ($5,087.5 mil)
    Quarterly Pretax return on assets: 0.99% ($4,061.8 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $410,279Total assets
  • $56,389Cash and due from depository institutions
  • $55,869Interest-bearing balances
  • $21,183Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $321,184Net loans & leases
  • $7,187Loan loss allowance
  • $0Trading account assets
  • $406Bank premises and fixed assets
  • $5,823Other real estate owned
  • $0Goodwill and other intangibles
  • $410,279Life insurance assets
  • $5,294All other assets
  • $375,562Total liabilities and capital
  • $374,893Total liabilities
  • $340,311Total deposits
  • $374,893Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $669Subordinated debt
  • $34,717All other liabilities
  • $34,717Total equity capital
  • $34,717Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $27,009Surplus
  • $7,608Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,965Income earned, not collected on loans
  • $0Earning assets
  • $1,331Long-term assets (5+ years)
  • $398,236Average Assets, year-to-date
  • $30,413Average Assets, quarterly
  • $374,974Volatile liabilities
  • $397,258Insider loans
  • $327,484FHLB advances
  • $389,327Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $34,481Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,320Restructured Loans and leases
  • $5,162Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,016Total interest income
  • $4,971Total interest expense
  • $16,045Net interest income
  • $5,800Provision for loan and lease losses
  • $326Total noninterest income
  • $0Fiduciary activities
  • $161Service charges on deposit accounts
  • $0Trading account gains & fees
  • $165Additional noninterest income
  • $5,937Total noninterest expense
  • $2,667Salaries and employee benefits
  • $586Premises and equipment expense
  • $2,684Additional noninterest expense
  • $4,634Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,991Applicable income taxes
  • $2,643Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,643Net income attributable to bank
  • $0Net charge-offs
  • $2,643Cash dividends
  • $4,762Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.85%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 1.65%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 7.94%Return on equity (ROE)
  • 6.44%Retained earnings to average equity (YTD only)
  • 1.53%Net charge-offs to loans
  • 121.80%Credit loss provision to net charge-offs
  • 2.19%Efficiency ratio
  • 36,265Assets per employee
  • 14.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.92%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 144.75%Noncurrent assets plus other real estate owned to assets
  • 2.63%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 85.67%Net loans and leases to core deposits
  • 99.95%Equity capital to assets
  • 8.46%Core capital (leverage) ratio
  • 8.86%Tier 1 risk-based capital ratio
  • 10.53%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $374,974Average earning assets
  • $33,279Average equity
  • $359,481Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0442260Bridgewater Bank3800 American Boulevard West, Suite 100, Bloomington, MN 55431November 02, 2005Full Service Brick and Mortar
    1460597Greenwood Branch21500 Highway 7, Greenwood, MN 55331November 01, 2006Full Service Brick and Mortar

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