# BRIDGEWATER BANK
SAINT LOUIS PARK, MN · FDIC certificate 58210 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $5.38B | |
| Deposits | $4.36B | |
| Loans and leases | $4.42B | |
| Total equity | $631.1M | |
| Loans / deposits | 100.00% (p86 of band) | 87.10% |
| Liquid assets / assets | 14.40% (p20 of band) | |
| Uninsured deposits / deposits | 26.16% (p33 of band) | 30.76% |
| Brokered deposits | 16.58% | |
| Wholesale funding | 22.64% (p91 of band) | |
| FHLB advances / assets | 6.06% | |
| Tier 1 leverage | 11.65% (p72 of band) | 10.50% |
| Unrealized securities loss / equity | -2.51% (p77 of band) | -7.75% |
| AOCI / equity | -0.18% (p59 of band) | |
| ROA (annualized) | 1.30% (p54 of band) | 1.26% |
| Net interest margin | 3.09% (p19 of band) | 3.70% |
| Efficiency ratio | 51.09% (p26 of band) | |
| Noncurrent loans | 0.49% (p49 of band) | 0.51% |
| Net charge-offs (annualized) | 0.03% (p56 of band) | |
| Reserve coverage of noncurrent | 265.23% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 36.18% (p37 of band) | |
| Auto loans | $370,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $11.7M (2% of equity) (p77 of band) | |
| Deposits YoY | 1.9% | |
| Employees | 355 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, charge-offs p90, construction >100% equity |  |
| 2011-06 | 2 |  | brokered >10% |
| 2011-09 | 2 | capital falling | charge-offs p90 |
| 2011-12 | 1 |  | construction >100% equity |
| 2012-03 | 3 | brokered >10%, construction >100% equity |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 4 | reserve under noncurrent |  |
| 2012-12 | 2 |  | capital falling, reserve under noncurrent |
| 2013-03 | 3 | charge-offs p90 |  |
| 2013-06 | 2 |  | charge-offs p90 |
| 2013-09 | 3 | charge-offs p90 |  |
| 2013-12 | 2 |  | charge-offs p90 |
| 2014-03 | 3 | capital falling |  |
| 2014-06 | 3 | wholesale funding >15% | capital falling |
| 2014-09 | 3 |  |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 4 | uninsured deposits leaving |  |
| 2015-06 | 4 | capital falling | uninsured deposits leaving |
| 2015-09 | 4 |  |  |
| 2015-12 | 4 | loans exceed deposits | capital falling |
| 2016-03 | 3 |  | loans exceed deposits |
| 2016-06 | 5 | uninsured deposits >50%, run vulnerability |  |
| 2016-09 | 5 | capital falling | construction >100% equity |
| 2016-12 | 4 |  | capital falling |
| 2017-03 | 2 |  | uninsured deposits >50%, run vulnerability |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 4 | loans exceed deposits, capital falling |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 3 |  | capital falling |
| 2019-06 | 3 |  |  |
| 2019-09 | 2 |  | loans exceed deposits |
| 2019-12 | 3 | loans exceed deposits |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 2 |  | loans exceed deposits |
| 2020-09 | 2 |  |  |
| 2020-12 | 3 | capital falling |  |
| 2021-03 | 2 |  | wholesale funding >15% |
| 2021-06 | 3 | wholesale funding >15% |  |
| 2021-09 | 1 |  | capital falling, wholesale funding >15% |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | wholesale funding >15% |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 4 | loans exceed deposits, capital falling |  |
| 2023-03 | 5 | uninsured deposits leaving |  |
| 2023-06 | 4 |  | capital falling |
| 2023-09 | 3 |  | loans exceed deposits |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 | NIM <2.5% | uninsured deposits leaving |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | capital falling |  |
| 2025-03 | 3 |  | NIM <2.5% |
| 2025-06 | 2 |  | capital falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |
| 2026-06 | 3 | loans exceed deposits |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-21 [Bridgewater bankers on why growing wealth often calls for a different banking approach - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxOX3ZMNTgyZ09QMldROEdXclVhZ1NCcEd1UXkxdnRmN0JaY3ZIRGRRcWR3RUdueFk2TzlubUUxNU1TcUtabV84MXZtY1M0Uk1fTDljdmtPN3lCdUs1YnZoZHhXYWpiSVpkWTllUXJMN1pldWNfRXo2MEt5NVV6bVg3WGFuUThaaDVyYWl3REY4R0VuWVh0X1E?oc=5) · The Business Journals
- 2026-03-16 [Bridgewater Bank opens in Lake Elmo - hometownsource.com](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPcC0xV1Y1d3JIcjZqS2tibE9sVThEUXd2OVRGcFo2S19vZzR5RHF0WHFNOTBfTTAybVdUMERTeGQxRFNQNk1aMm1IMkF2WWxwMjBMUnhXOG5IZDdpVXhxLXNlVGdNdlJ3Xy1VLUJGdTQwLWpBMW1FQTI0RDlJNUFaSHVENHk2bXZyS04zSkQ5ZWdaWF9JX0k5SnZXNnA0YVdKZlRpOHlhVmMyUnBkSGJDeWJTMHlhc0hfMC1jZlVyR292N0JkV0h6TFdxTnRkelc5THNJeGNUX21TMEU?oc=5) · hometownsource.com
- 2026-07-07 [Bridgewater Bank Earns Esteemed ‘Outstanding’ Community Reinvestment Act Performance Rating for Third Consecutive Exam - Business Wire](https://news.google.com/rss/articles/CBMigwJBVV95cUxPenYwS0QtUWs4TElsNGFoSE9OTUhvc2RqOGlTamFUdjExWHNEbnN0RXp1S0UtajFxU1FSRzlEd3lFT2M2dmRCNmNfMi1yR0d5OE5na3RUbmdFR2pfSm42cFBwVU90N2d3Vkk0R3luaHBYSlMzME5MNDliTVBJb3ZmR2FiZm0xWUFFNGJaT0dRSVFQWHluQW9xdy1KR25tMmdGaS1uVHVLRXR4Z2J6bzV5TlZYRGZMM3pWV3EzSVFFZHpCWjg5amMwLTVJLXhmaGR4MGY2T0ROT1Jpelg0T2paLVdOSUVpN2ZZdEJlM1pnQVFXUG9lenBNVlE2UWMzb0ZHSjV3?oc=5) · Business Wire
- 2025-12-04 [Banks hoping to gain new clients in Minnesota after recent acquisitions - Star Tribune](https://news.google.com/rss/articles/CBMirgFBVV95cUxPNjNjNkg5bEJJZEhRTGFWa0J4UkNZSFlJR2hJZHE3cEhINjloZ0U5S1NOTnpHOTFiVExnRUYxdHljNzROUDh0M01EeTNJXzBKcGNLZWw4ZE9kYUJWYmJFV2ZPMGduQkNiWVc0RFVRSWtpM05EVWowcVJQMVQ5elZHY2g1dFU4cGpRYzhCaXVwOXVrVk9LS2J4cWNDT01FaFpaY1JWSUJmR2RCdTd1aUE?oc=5) · Star Tribune
- 2026-05-01 [Ground crew: How Bridgewater Bank supports Thunderbird Aviation’s growth in the Twin Cities - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxORHBmZ3NKSmtKckJtUmE1QV9iTmhwVmN6bnlKVDVUZm0zRmtzb2dvRTN1MVVDUjdmQVVHTEMteDIyaDVvdl9HZEJCaHBrX1pDa1ZLaTF3QzdwWXBxVWMxZ3pGSkNKdEFtN2ZzYjJiLXFuQXFhQjg4bTdZT2tjTWNJQ01CREVpQncyR09nc0p3eE1WQ1FsX1lIdlJ5bDZDa0lDVGd0cHJqS2tnUQ?oc=5) · The Business Journals
- 2025-11-24 [Bridgewater Bank Welcomes Jeff Bajek as SVP, Senior Credit Officer - Business Wire](https://news.google.com/rss/articles/CBMivwFBVV95cUxOZmQ2LVFIZnBmVW9UV2VYUWR0SnFYaE9QU3k5RENJY241QlZXWnFTSnVybEo5OU1pNXBoaFg5TjlpcXZrbkNidGgzaFpMRERzSWhBUVU3X0dVVXlMNzVneFNVU19aRTg2Rl9XU1drZllEZkJUc0xZRjFIbndvX2FxVzFBQ0dVd3lTb3RzQWg2QVYxdldhdG5HRVJQX3hJVmppal9kMHdFV0ZyeUQ2TmZucVRPLUR1ajBWSFFZOUhPRQ?oc=5) · Business Wire
- 2023-07-06 [Bridgewater Bank to Relocate Downtown Minneapolis Branch - Twin Cities Business](https://news.google.com/rss/articles/CBMiggFBVV95cUxOeTJ6dWo0OTVKaXhWZE5wY2tUMnJqU1lzMC1yYnFMcDRqZzk2WmhJdksxQTZFSTZCMk55aWZQZ0hfclQ3NVRBMXFNY3EwMnk0X09jb1VqbW1ZaTZDY2lxaE5QLWY4ODlpaVdXcFJRZlRxQVJMZy1xX3k3ZkZmY29wZURn?oc=5) · Twin Cities Business
- 2024-12-17 [Bridgewater Bank finalises First Minnetonka City Bank acquisition - Retail Banker International](https://news.google.com/rss/articles/CBMijwFBVV95cUxOcllNdkxyY1NfZmZtMWJqMllseGtJQkk3d24yNlVaQ2diVFlZbHhNS0phVGVtMjA3YnNJaVYzUWN4RDhrWjlJcmp1cFRSTm84NVFQeUk0V09wS1dPZWhvLXJsaTd5aWhTZGxoOFlVRU9iYmJlWVZ6Qmw2STJHRlRIZWtFX3ZjU0lnV1NWLURJNA?oc=5) · Retail Banker International

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58210 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/34.json (key "58210", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide