Bridgewater bancshares inc (BWB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
INTEREST INCOME
Loans, Including Fees

25,113

25,132

24,220

23,321

22,179

21,978

20,207

18,800

17,048

16,964

15,707

14,161

13,192

Investment Securities

2,196

2,034

1,910

1,928

1,901

1,864

1,790

1,473

1,567

-

1,538

-

-

Investment Securities

-

-

-

-

-

-

-

-

-

-

-

1,547

1,359

Other

159

253

442

271

187

146

139

119

95

75

139

66

61

Total Interest Income

27,468

27,419

26,572

25,520

24,267

23,988

22,136

20,392

18,710

18,576

17,384

15,774

14,612

INTEREST EXPENSE
Deposits

5,724

6,064

6,209

6,020

5,703

5,119

4,322

3,522

3,009

2,822

2,591

2,288

2,018

Notes Payable

115

123

127

130

121

152

144

146

152

159

162

168

167

FHLB Advances

1,027

897

908

827

775

559

488

372

299

295

212

186

187

Subordinated Debentures

393

393

393

393

377

401

401

397

369

-

348

-

-

Federal Funds Purchased

107

14

0

12

160

315

147

56

118

50

10

60

49

Total Interest Expense

7,366

7,491

7,637

7,382

7,136

-

5,502

4,493

-

-

-

-

-

Total Interest Expense

-

-

-

-

-

-

-

-

3,947

-

3,323

2,702

2,421

NET INTEREST INCOME

20,102

19,928

18,935

18,138

17,131

17,442

16,634

15,899

14,763

14,849

14,061

13,072

12,191

Provision for Loan Losses

2,100

600

900

600

600

800

1,275

900

600

1,200

1,200

825

950

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

18,002

19,328

18,035

17,538

16,531

16,642

15,359

14,999

14,163

13,649

12,861

12,247

11,241

NONINTEREST INCOME
Customer Service Fees

240

196

184

189

191

206

184

185

170

177

174

157

152

Net Gain (Loss) on Sales of Available for Sale Securities

3

0

58

463

-5

-

-49

-59

-

-

15

-

-

Net Loss on Sales of Available for Sale Securities

-

-

-

-

-

-

-

-

-

-

-

-97

31

Net Gain (Loss) on Sales of Foreclosed Assets

-

-

69

-

-

0

-88

-141

4

4

202

111

39

Other Income

1,476

916

635

482

448

668

767

500

213

601

596

315

258

Total Noninterest Income

1,719

1,112

946

1,134

634

857

814

485

387

583

987

486

480

NONINTEREST EXPENSE
Salaries and Employee Benefits

6,454

6,235

5,915

5,124

4,802

5,086

4,910

4,306

4,318

4,106

3,685

3,092

3,168

Occupancy and Equipment

713

883

761

785

656

584

596

597

574

563

570

510

549

Other Expense

2,579

3,371

2,408

3,565

2,427

5,370

2,020

1,561

1,640

4,193

1,854

1,669

1,537

Total Noninterest Expense

9,746

10,489

9,084

9,474

7,885

11,040

7,526

6,464

6,532

8,862

6,109

5,271

5,254

INCOME BEFORE INCOME TAXES

9,975

9,951

9,897

9,198

9,280

6,459

8,647

9,020

8,018

5,370

7,739

7,462

6,467

Provision for Income Taxes

2,532

1,380

2,092

1,189

2,262

-1,302

2,184

2,274

2,068

2,036

3,064

2,665

2,384

NET INCOME

7,443

8,571

7,805

8,009

7,018

7,761

6,463

6,746

5,950

3,334

4,675

4,797

4,083

EARNINGS PER SHARE
Basic (in dollars per share)

0.26

0.30

0.27

0.27

0.23

0.26

0.22

0.22

0.23

0.13

0.19

0.20

0.17

Diluted (in dollars per share)

0.25

0.29

0.27

0.26

0.23

0.25

0.21

0.22

0.23

0.14

0.19

0.19

0.16