Bridgewater Bancshares Inc 2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS-T (Section 232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”,“smaller reporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large acceleratedfiler☐Acceleratedfiler☒Non-accelerated filer☐Smallerreportingcompany☐Emerginggrowthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements ofthe registrant included in this filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that require a recovery analysis ofincentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ The aggregate market value of the Common Stock held by non-affiliates of the Registrant on June 30, 2024, based on theclosing price of $11.61 of such shares on that date, was$260,404,649. The information required by Part III is incorporated by reference to portions of the definitive proxy statement to be filed within 120days after December 31, 2024, pursuant to Regulation 14A under the Securities Exchange Act of 1934 in connection with the annualmeeting of stockholders to be held on April 22, 2025. Table of Contents PART I Item 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety Disclosures 46474848PART IIItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquitySecurities48Item 6. [Reserved]51Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations51Item 7A. Quantitative and Qualitative Disclosures About Market Risk80Item 8. Financial Statements and Supplementary Data82Reports of Independent Registered Public Accounting Firm(CliftonLarsonAllen LLP, Auditor Firm ID:655)82Reports of Independent Registered Public Accounting Firm(RSM US LLP, Auditor Firm ID:49)83Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure139Item 9A. Controls and Procedures139Item 9B. Other Information140Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections140PART IIIItem 10. Directors, Executive Officers and Corporate Governance140Item 11. Executive Compensation140Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters141Item 13. Certain Relationships and Related Transactions, and Director Independence141Item 14. Principal Accountant Fees and Services142PART IVItem 15. Exhibits and Financial Statement Schedules142Item 16: Form 10-K Summary146Signatures147 Forward-Looking Statements This Annual Report on Form 10-K contains “forward-looking statements” within themeaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.Forward-looking statements include, without limitation, statements concerning plans, estimates,calculations, forecasts and projections with respect to the anticipated future performance of theCompany. These statements are often, but not always