Bridgewater Bancshares Inc BWB Income Statement

Dec'19	Dec'18	Dec'17	Dec'16
INTEREST INCOME
Loans, Including Fees
94,852	78,033	60,024	46,622
Investment Securities
7,773	6,694	5,981	3,649
Other
1,153	499	341	361
Total Interest Income
103,778	85,226	66,346	50,632
INTEREST EXPENSE
Deposits
23,996	15,972	9,719	6,955
Notes Payable
501	594	656	718
FHLB Advances
3,407	1,718	880	769
Subordinated Debentures
1,556	1,568	749	16
Federal Funds Purchased
186	636	169	56
Total Interest Expense
29,646	20,488	12,173	-
Total Interest Expense
-	-	-	8,514
NET INTEREST INCOME
74,132	64,738	54,173	42,118
Provision for Loan Losses
2,700	3,575	4,175	3,250
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
71,432	61,163	49,998	38,868
NONINTEREST INCOME
Customer Service Fees
760	745	660	490
Net Gain (Loss) on Sales of Available for Sale Securities
516	-125	-250	830
Net Gain (Loss) on Sales of Foreclosed Assets
69	-225	356	-30
Other Income
2,481	2,148	1,770	1,277
Total Noninterest Income
3,826	2,543	2,536	2,567
NONINTEREST EXPENSE
Salaries and Employee Benefits
22,076	18,620	14,051	12,087
Occupancy and Equipment
3,085	2,351	2,192	1,821
Other Expense
11,771	10,591	9,253	6,260
Total Noninterest Expense
36,932	31,562	25,496	20,168
INCOME BEFORE INCOME TAXES
38,326	32,144	27,038	21,267
Provision for Income Taxes
6,923	5,224	10,149	8,052
NET INCOME
31,403	26,920	16,889	13,215
EARNINGS PER SHARE
Basic (in dollars per share)
1.07	0.93	0.69	0.59
Diluted (in dollars per share)
1.05	0.91	0.68	0.58