Call reports 2021
BRIDGEWATER BANK — 2021
What BRIDGEWATER BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 3,068,885,000 | 3,158,933,000 | 3,383,883,000 | 3,473,066,000 |
| Total loans | 2,414,850,000 | 2,582,736,000 | 2,701,813,000 | 2,809,937,000 |
| Allowance for loan losses | 35,987,000 | 37,591,000 | 38,901,000 | 40,020,000 |
| Securities available for sale | 396,315,000 | 401,777,000 | 412,141,000 | 438,607,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,665,366,000 | 2,748,002,000 | 2,935,520,000 | 3,026,284,000 |
| Interest-bearing deposits | 1,925,655,000 | 1,962,883,000 | 2,007,667,000 | 2,071,153,000 |
| Noninterest-bearing deposits | 739,712,000 | 785,120,000 | 927,852,000 | 955,132,000 |
| Equity capital | 323,939,000 | 336,016,000 | 374,488,000 | 387,800,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 30,428,000 | 61,564,000 | 95,071,000 | 128,838,000 |
| Interest expense | 3,899,000 | 7,646,000 | 11,276,000 | 14,679,000 |
| Net interest income | 26,529,000 | 53,918,000 | 83,795,000 | 114,159,000 |
| Noninterest income | 983,000 | 1,884,000 | 3,194,000 | 4,487,000 |
| Noninterest expense | 10,964,000 | 22,589,000 | 35,326,000 | 47,895,000 |
| Provision for loan losses | 1,100,000 | 2,700,000 | 4,000,000 | 5,150,000 |
| Pretax income | 15,448,000 | 31,215,000 | 48,413,000 | 66,351,000 |
| Income tax | 4,128,000 | 8,341,000 | 12,965,000 | 17,727,000 |
| Net income | 11,320,000 | 22,874,000 | 35,448,000 | 48,624,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 311,390,000 | 323,575,000 | 361,804,000 | 375,688,000 |
| Total capital | 343,660,000 | 359,586,000 | 399,890,000 | 415,848,000 |
| Risk-weighted assets | 2,577,527,000 | 2,878,921,000 | 3,045,696,000 | 3,212,558,000 |