Bridgewater Bank
Bridgewater Bank reported total assets of $5.4 bn at Q2 2026, up 1.7% on a year earlier, the 272nd largest of 497 banks in our US coverage. The CET1 capital ratio at Bridgewater Bank was 12.73%, and the uninsured share of Bridgewater Bank was 26.16%. Source: FDIC Call Reports.
Key takeaways
- On noncurrent loans to total loans, Bridgewater Bank slipped from 104th to 192nd among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Since , Bridgewater Bank has taken over 2 institutions; the latest was First Minnetonka City Bank on (FDIC Call Reports).
What sets Bridgewater Bank apart
How large is Bridgewater Bank?
The balance sheet of Bridgewater Bank at : assets $5.4 bn, deposits $4.4 bn, net loans $4.4 bn (loans equal to 100.00% of deposits). Securities make up 11.3% of total assets at Bridgewater Bank. Since , when Bridgewater Bank held $977.4 mn, its assets grew 450.2%. In the year to , deposits at Bridgewater Bank rose 1.9% while its total assets rose 1.7%. At , Bridgewater Bank employed 355 full-time equivalent staff across 10 offices, about $15.1 mn of assets per employee and $436.0 mn of deposits per office.
How much funding at Bridgewater Bank is uninsured?
At Bridgewater Bank, uninsured deposits (above the FDIC limit) made up 26.16% of domestic deposits at (-4.33 pp on a year earlier); Bridgewater Bank ranks 364th of 500 on this measure. In dollars, Bridgewater Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.4 bn | +1.9% | 273rd of 499 |
| Net loans and leases | $4.4 bn | +6.8% | 243rd of 500 |
| Loan-to-deposit ratio | 100.00% | +4.59 pp | 57th of 500 |
| Tier 1 leverage ratio | 11.65% | +1.06 pp | 114th of 500 |
| Total risk-based capital ratio | 13.98% | +0.57 pp | 256th of 448 |
| Net interest margin | 3.09% | +0.42 pp | 391st of 500 |
| Return on assets (ROA) | 1.30% | +0.38 pp | 254th of 500 |
| Efficiency ratio | 51.09% | +0.28 pp | 153rd of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $15.9 mn | Narrowed by $23.3 mn | |
| Noncurrent loans to total loans | 0.49% | +0.25 pp | 192nd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.04% | +0.04 pp | 182nd of 500 (1 = lowest) |
US rank of Bridgewater Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Bridgewater Bank: assets, deposits and loans
- Total assets $5.4bn
- Deposits $4.4bn
- Net loans $4.4bn
Capital and securities
The CET1 ratio of Bridgewater Bank stood at 12.73% in , +0.57 pp year on year. Low and high at Bridgewater Bank since : 11.00% () to 13.06% (). Equity capital of Bridgewater Bank at : $631.1 mn, or 11.7% of total assets. Bridgewater Bank also reported a total capital ratio of 13.98% for , and a tier 1 leverage ratio of 11.65%.
The available-for-sale portfolio of Bridgewater Bank showed an unrealized loss of $15.9 mn at ; the loss narrowed by $23.3 mn over the year.
Bridgewater Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 12%
Bridgewater Bank: unrealized securities gains and losses
- Available for sale -$16mn
- Held to maturity $0
Profitability and loan quality
For the year to , Bridgewater Bank earned a return on equity of 11.37%; return on assets: 1.30%. Net interest margin at Bridgewater Bank: 3.09%, +0.42 pp in a year. Bridgewater Bank net income: $34.8 mn, up 47.2% year on year. The efficiency ratio of Bridgewater Bank was 51.09%: about 51 cents cost per revenue dollar, against 47 cents at the median peer.
At , noncurrent loans were 0.49% of total loans at Bridgewater Bank; net charge-offs: 0.04% of average loans. Gross loans and leases at Bridgewater Bank: $4.4 bn, up 6.8% in a year.
Bridgewater Bank: profitability
- Return on equity 11%
- Net interest margin 3.1%
- Return on assets 1.3%
Peer group of Bridgewater Bank
The peer group of Bridgewater Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of Bridgewater Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Minnesota. Against them, Bridgewater Bank shows CET1 ratio 12.73% against a peer median of 13.39%, return on equity 11.37% against a peer median of 16.36% and uninsured deposit share 26.16% against a peer median of 30.37%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Stride Bank | National bank | OK | $5.4 bn | 18.76% | 27.72% | 6.23% | |
| The Canandaigua National Bank and Trust Company | National bank | NY | $5.4 bn | 12.34% | 14.71% | 33.80% | |
| City Bank | State nonmember bank | TX | $5.4 bn | 13.39% | 14.40% | 36.70% | |
| Bridgewater Bank | State nonmember bank | MN | $5.4 bn | 12.73% | 11.37% | 26.16% | |
| Five Star Bank | State nonmember bank | CA | $5.4 bn | 11.11% | 15.97% | 59.15% | |
| Morton Community Bank | State nonmember bank | IL | $5.3 bn | 13.59% | 16.74% | 26.93% | |
| Celtic Bank | State nonmember bank | UT | $5.3 bn | not reported | 19.32% | 9.11% | |
. FDIC Call Reports.
Last eight quarters
Two years at Bridgewater Bank, to : assets +14.8%, deposits +15.7%, equity +22.2%. Staff 265 to 355; offices 8 to 10.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.7 bn | $5.1 bn | $5.1 bn | $5.3 bn | $5.4 bn | $5.4 bn | $5.3 bn | $5.4 bn |
| Total deposits | $3.8 bn | $4.1 bn | $4.2 bn | $4.3 bn | $4.3 bn | $4.3 bn | $4.3 bn | $4.4 bn |
| Bank equity capital | $516.5 mn | $524.9 mn | $538.7 mn | $549.7 mn | $572.8 mn | $595.0 mn | $609.0 mn | $631.1 mn |
| CET1 ratio | 13.06% | 12.24% | 12.17% | 12.16% | 12.18% | 12.24% | 12.67% | 12.73% |
| Return on equity (ROE) | 7.48% | 7.42% | 8.14% | 8.78% | 9.02% | 9.35% | 12.68% | 11.37% |
| Uninsured share of domestic deposits | 25.04% | 27.71% | 28.70% | 30.49% | 29.19% | 29.80% | 26.62% | 26.16% |
| Full-time equivalent employees | 265 | 290 | 292 | 308 | 325 | 322 | 337 | 355 |
| Number of offices | 8 | 9 | 9 | 9 | 9 | 9 | 10 | 10 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Bridgewater Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed First National Bank of the Lakes (FDIC certificate 19103).
- . Absorbed First Minnetonka City Bank (FDIC certificate 19188).
Questions and identifiers
What were the total assets of Bridgewater Bank?
Bridgewater Bank reported $5.4 bn at in its Call Report. That makes Bridgewater Bank the 272nd largest of 497 banks in our US coverage.
Is Bridgewater Bank the same as its holding company?
No. This page covers Bridgewater Bank, FDIC certificate 58210; Bridgewater Bancshares Inc, its holding company, reports separately to the Federal Reserve.
Is Bridgewater Bank profitable?
Bridgewater Bank reported net income of $34.8 mn for the year to ; annualized return on equity: 11.37%. So yes: Bridgewater Bank made a profit over these months.
When is data for Bridgewater Bank next updated?
Figures from Bridgewater Bank for are due after .
Where can I check the figures for Bridgewater Bank?
In the FDIC BankFind Suite record for certificate 58210, and in the Call Reports of Bridgewater Bank (RSSD ID 3378773) at the FFIEC Central Data Repository.