Bridgewater Bank
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Data as of · sourced from FFIEC call reports. How we update
Bridgewater Bank is an FDIC-insured commercial bank headquartered in Saint Louis Park, MN, established in 2005 (FDIC certificate 58210), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $5.38B, up 1.7% from Q2 2025, the 2nd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.73% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58210
- Headquarters
- Saint Louis Park, MN
- Established
- 2005
- Total assets, Q2 2026
- $5.38B
- Assets vs Q2 2025
- +1.7%
- CET1 ratio, Q2 2026
- 12.73%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 091017523
- Holding company
- BRIDGEWATER BANCSHARES, INC.
- Asset rank in state
- 2nd of 221 in Minnesota
Bridgewater Bank leans heavily on commercial real estate. The Saint Louis Park, Minnesota bank had $5.4 billion in assets at June 30, 2026, up 1.7% from a year earlier. It holds commercial real estate loans worth 4.8 times its capital, about double the median of 2.2 times for the 895 banks with $1 billion to $10 billion in assets. It also pays an average of 2.78% on its deposits and borrowings, higher than about three-quarters of banks its size (median 2.01%).
Net income for the quarter rose 23% from a year earlier, to $16 million. Over the same year, loans grew 6.8% and deposits grew 1.9%. Its margin is thin by comparison: it keeps 3.19 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.71 cents).
As of June 30, 2026, Bridgewater Bank reported a CET1 capital ratio of 12.73%, a return on assets of 1.18%, a nonperforming-loan ratio of 0.49% and a Texas ratio of 3.23%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Bridgewater Bank is the 2nd largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.0% to $5.38B, loans rose 1.3% and deposits rose 0.8%. The largest part of its loan book on June 30, 2026 was multifamily loans, at 35.9% of total loans, ahead of non-owner-occupied commercial real estate loans at 26.4%. Its 10 offices in the FDIC Summary of Deposits are in 8 cities in MN; its Saint Louis Park office books 66% of its branch deposits. By the capital ratios in its Q2 2026 call report, Bridgewater Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 4450 Excelsior Blvd, Saint Louis Park, MN 55416
- County
- Hennepin
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- November 2, 2005
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 355
- Domestic deposits
- $4.36B
- Allowance for credit losses
- $57.4M
- Net charge-offs (YTD)
- $925K
- Average total assets
- $5.31B
- Average total loans
- $4.34B
- Average interest-bearing deposits
- $3.44B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 2, 2005
- FDIC Cert
- 58210
- Fed RSSD
- 3378773
- SEC CIK
- 1341317 → filed by BRIDGEWATER BANCSHARES, INC.
- Website
- www.bridgewaterbankmn.com →
- Parent Holding Company
- BRIDGEWATER BANCSHARES, INC. (RSSD 3378764) · BWB
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Jerry J. Baack | CEO | CEO |
| Joseph M. Chybowski | PRES | PRESIDENT & CFO |
| Lisa M Salazar | COO | CHIEF OPERATING OFFICER |
| Morrell Katie Lynn | CCO | Chief Credit Officer |
| Mark E. Hokanson | CTO | CHIEF TECHNOLOGY OFFICER |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Bridgewater Bank's total assets moved between a low of $4.55B (Q3 2023) and a high of $5.40B (Q4 2025) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$5.38B total assets against $5.29B; $4.75B total liabilities against $4.74B.
$4.36B net loans and leases against $4.08B; $4.36B total deposits against $4.28B.
$605.4M securities against $743.9M; $169.2M cash and balances due against $221.1M.
$72.7M total interest income against $69.2M; $32.2M total interest expense against $35.4M.
$40.4M net interest income against $33.8M.
$2.3M total noninterest income against $3.2M; $21.4M total noninterest expense against $18.6M.
$550K provision for credit losses against $2.0M.
$15.7M net income against $12.8M.
1.18% return on assets against 0.99%; 3.19% net interest margin against 2.71%.
12.73% CET1 capital ratio against 12.16%; 11.65% tier 1 leverage ratio against 10.58%.
Inside the full Bridgewater Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Bridgewater Bank rankings
Its closest position to the top of a national ranking is 268 of 4,196, for total assets; its furthest is 1,490 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.79% (Q4 2024) to 1.46% (Q1 2026) and its net interest margin ran from 2.36% (Q3 2024) to 3.19% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.73% | 1.18% | 0.49% | 3.23% | 3.19% |
| Q1 2026 | 12.67% | 1.46% | 0.27% | 1.81% | 3.09% |
| Q4 2025 | 12.24% | 1.10% | 0.51% | 3.48% | 2.90% |
| Q3 2025 | 12.18% | 0.99% | 0.24% | 1.64% | 2.80% |
| Q2 2025 | 12.16% | 0.99% | 0.24% | 1.76% | 2.71% |
| Q1 2025 | 12.17% | 0.85% | 0.26% | 1.78% | 2.56% |
| Q4 2024 | 12.24% | 0.79% | 0.01% | 0.04% | 2.42% |
| Q3 2024 | 13.06% | 0.84% | 0.23% | 1.56% | 2.36% |
Swipe the table sideways to see every column.
Branch Network
View all 10 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bridgewater Bank (main office) | Saint Louis Park , MN | 55416 | $2.88B |
| Bloomington Branch | Edina , MN | 55439 | $520.4M |
| Bridgewater Bank - Minneapolis Branch | Minneapolis , MN | 55402 | $261.6M |
| St. Paul Branch | Saint Paul , MN | 55102 | $184.2M |
| Greenwood Branch | Greenwood , MN | 55331 | $184.0M |
| Minnetonka Branch | Minnetonka , MN | 55345 | $150.3M |
| Hennepin Avenue Branch | Minneapolis , MN | 55408 | $100.6M |
| Orono Branch | Orono , MN | 55331 | $77.4M |
| Bridgewater Bank - Lake Elmo Branch | Lake Elmo , MN | 55042 | $6.9M |
| Uptown Drive Through Branch | Minneapolis , MN | 55408 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 14, 2024 | Structure Change | Acquired First Minnetonka City Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 13, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 21, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 21, 2016 | Structure Change | Acquired First National Bank of the Lakes Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.4% of deposits in MN, rank 9 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 353 applications, 241 loans originated, $482.7M originated, across 14 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 8 loans, $5.0M approved, $631K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bridgewater Bank
What are Bridgewater Bank's total assets?
As of the Q2 2026 filing, Bridgewater Bank reported total assets of $5.38 billion in its FFIEC call report.
Where is Bridgewater Bank headquartered?
It is headquartered in Saint Louis Park, MN, United States.
When was Bridgewater Bank founded?
It was established in 2005, per the FDIC institution directory.
Is Bridgewater Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58210). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bridgewater Bank?
Bridgewater Bank's primary federal regulator is the FDIC.
What is Bridgewater Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.73% in its Q2 2026 call report, above regulatory requirements.
How many branches does Bridgewater Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bridgewater Bank's Texas Ratio?
Its Texas Ratio is 3.23% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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