Bridgewater Bank
Saint Louis Park, Minnesota, Hennepin County
$5.4B in total assets, the 282nd largest of 4,309 US banks and 2nd of 225 headquartered in Minnesota.
- FDIC certificate
- 58210
- Established
- 2005
- Owned by
- Bridgewater Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.bridgewaterbankmn.com
At a glance
Compared with 16 banks headquartered in Minnesota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $5.4B | 98% | $1.5B | |
| Loans | $4.4B | 98% | $929M | |
| Deposits | $4.4B | 98% | $1.2B | |
| Return on assets | 1.18% | 44% | 1.31% | |
| Net interest margin | 3.09% | 25% | 3.72% | |
| Efficiency ratio | 51.1% | 25% | 55.4% | |
| Equity to assets | 11.73% | 62% | 9.86% | |
| Loans to deposits | 101% | 81% | 83% |
Growth
Total assets grew 11.2% a year over the last 5 years and 16.9% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2024 | First Minnetonka City Bank Minnetonka, MN | $241M |
| May 2016 | First National Bank of the Lakes Orono, MN | $76M |
Where they operate
10 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Hennepin County, MN | $4.2B | 2.9% | 6 of 68 |
| Ramsey County, MN | $184M | 0.3% | 17 of 33 |
| Washington County, MN | $7M | 0.1% | 24 of 24 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 6 branches since 2016 (4 to 10, +150.0%). 3 opened, 6 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 4 | |||
| 2016 | Acquired First National Bank of the LakesClosed Richfield | 4 | 1 | +3 | 7 |
| 2018 | Opened Saint Paul | 1 | 0 | +1 | 8 |
| 2019 | Opened Edina | 1 | 0 | +1 | 9 |
| 2020 | Closed Saint Louis Park | 0 | 1 | −1 | 8 |
| 2024 | Acquired First Minnetonka City Bank | 2 | 0 | +2 | 10 |
| 2025 | Closed Minnetonka | 0 | 1 | −1 | 9 |
| 2026 through Q2 | Opened Lake Elmo | 1 | 0 | +1 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Multifamily | 36% | 8% | |
| Commercial real estate | 31% | 32% | |
| Business (C&I) | 13% | 16% | |
| 1-4 family residential | 11% | 23% | |
| Construction and land | 5% | 7% | |
| Consumer | 1% | 2% | |
| Farmland | 0% | 3% | |
| Agricultural | 0% | 3% | |
| Other | 4% | 5% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 52% | |
| Time deposits | 23% | 27% | |
| Noninterest-bearing | 19% | 21% |
Brokered deposits are 20.4% of deposits (peers 7.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.49% | 0.54% |
| Net charge-offs, annualized | 0.04% | 0.05% |
| Reserves to loans | 1.30% | 1.20% |
| Leverage ratio | 11.65% | 10.13% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Hennepin County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/bridgewater