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BWB on Nasdaq

Bridgewater Bancshares Inc

American state commercial bank that raised $80 million in 2025 (SEC Form D)2

In its 2026 annual report the company says: “Bridgewater Bancshares, Inc. is a Minnesota corporation and financial holding company with one wholly-owned subsidiary: Bridgewater Bank. The Company is headquartered in St. Louis Park, Minnesota, a suburb located approximately 5 miles southwest of downtown Minneapolis. The Company and Bank were established in 2005 as a de novo bank by a group of industry veterans and local business leaders dedicated to providing responsive support and simple solutions to businesses, entrepreneurs, and successful individuals.”4 Its shares trade on Nasdaq under the symbol BWB.2

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Last updated Oct 21, 2026.

Overview

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  • TickerBWB on Nasdaq2
  • IndustryState Commercial Banks2
  • HeadquartersSt. Louis Park, United States2
  • Incorporated inMN3
  • Business address4450 Excelsior Blvd., Suite 100, St. Louis Park, Mn 554163
  • Filer categoryAccelerated filer3
  • Legal formCorporation2
  • LEI5493001FLSBTVILKXZ712
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address4450 Excelsior Blvd., 55416 St. Louis Park, United States2
  • Registered withOffice of the Minnesota Secretary of State Business & Lien system, 1329658-22

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Bridgewater Bancshares, Inc. (the “Company”) is a Minnesota corporation and financial holding company with one wholly-owned subsidiary: Bridgewater Bank (the “Bank”). The Bank has two wholly-owned subsidiaries: BWB Holdings, LLC, which was formed for the purpose of holding repossessed property; and Bridgewater Investment Management, Inc., which was formed for the purposes of holding certain municipal securities and engaging in municipal lending activities. The Bank has nine full-service offices located in Bloomington, Greenwood, Minneapolis (2), Minnetonka, Orono, Lake Elmo, St. Louis Park, and St. Paul, Minnesota. The Lake Elmo branch opened in February 2026.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$46.1M in 2025+47% since 2019
0$20.0M$40.0M$60.0M2019: $31.4M$31.4M20192020: $27.2M$27.2M2020−13%2021: $45.7M$45.7M2021+68%2022: $53.4M$53.4M2022+17%2023: $40.0M$40.0M2023−25%2024: $32.8M$32.8M2024−18%2025: $46.1M$46.1M2025+40%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Loans, Including Fees$233.2M$204.7M$191.4M
Investment Securities$38.7M$33.9M$26.2M
Other$10.0M$7.2M$4.7M
Total Interest Income$281.8M$245.9M$222.4M
Deposits$131.4M$128.8M$96.0M
Federal Funds Purchased$21.0K$1.2M$8.5M
Notes Payable$624.0K$1.2M$1.1M
FHLB Advances$11.5M$8.6M$7.5M
Subordinated Debentures$5.9M$4.0M$4.0M
Total Interest Expense$149.4M$143.7M$117.2M
NET INTEREST INCOME$132.4M$102.2M$105.2M
Provision for (Recovery of) Credit Losses$6.0M$3.5M-$175.0K
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) CREDIT LOSSES$126.4M$98.7M$105.3M
Customer Service Fees$2.0M$1.5M$1.5M
Net Gain (Loss) on Sales of Available for Sale Securities$614.0K$385.0K-$33.0K
Net Gain on Sales of Foreclosed Assets$62.0K
Letters of Credit Fees$1.8M$2.0M$1.7M
Debit Card Interchange Fees$640.0K$593.0K$595.0K
Swap Fees$1.6M$547.0K
Bank-Owned Life Insurance$1.7M$1.3M$992.0K
Investment Advisory Fees$973.0K
FHLB Prepayment Income$301.0K$792.0K
Other Income$1.3M$1.0M$946.0K
Total Noninterest Income$10.9M$7.4M$6.5M
Salaries and Employee Benefits$47.4M$39.6M$36.5M
Occupancy and Equipment$4.9M$4.4M$4.4M
FDIC Insurance Assessment$2.7M$3.0M$3.7M
Data Processing$2.5M$1.7M$1.6M
Professional and Consulting Fees$4.8M$3.9M$3.1M
Derivative Collateral Fees$1.4M$1.8M$1.9M
Information Technology and Telecommunications$3.9M$3.3M$2.9M
Marketing and Advertising$2.1M$1.5M$1.1M
Intangible Asset Amortization$921.0K$78.0K$100.0K
Other Expense$6.6M$4.1M$4.0M
Total Noninterest Expense$77.3M$63.3M$59.3M
INCOME BEFORE INCOME TAXES$60.0M$42.7M$52.5M
Provision for Income Taxes$13.9M$9.9M$12.6M
NET INCOME$46.1M$32.8M$40.0M
Preferred Stock Dividends-$4.1M-$4.1M-$4.1M
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS$42.0M$28.8M$35.9M
Basic (in dollars per share)$1.53$1.05$1.29
Diluted (in dollars per share)$1.49$1.03$1.27

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Corporate structure

Bridgewater Bancshares Inc sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Bridgewater Bancshares Inc

  • Bridgewater Bancshares Inc St. Louis Park, Minnesota, United States
    • Bridgewater Bank Subsidiary · Saint Louis Park, Minnesota, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Bridgewater Bancshares Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$64.8M9 Dec 31, 2025$60.5M9 Dec 31, 2024+7.1%
Accumulated depreciation$13.3M9 Dec 31, 2025$11.0M9 Dec 31, 2024+20.7%
Property and equipment, net$51.6M9 Dec 31, 2025$49.5M9 Dec 31, 2024+4.1%
Operating-lease assets (leased space)$1.4M9 Dec 31, 2025$1.5M9 Dec 31, 2024−10.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$123.5M9 Dec 31, 2025$229.8M9 Dec 31, 2024−46.2%
Loans, net of allowance$4.2B9 Dec 31, 2025$3.8B9 Dec 31, 2024+11.4%
Deposits held (banks)$4.3B9 Dec 31, 2025$4.1B9 Dec 31, 2024+5.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$12.0M9 Dec 31, 2025$12.0M9 Dec 31, 20240%
Finite-lived intangibles, gross$8.2M9 Dec 31, 2025$8.2M9 Dec 31, 20240%
Accumulated amortization$1.3M9 Dec 31, 2025$335.0K9 Dec 31, 2024+274.6%
Finite-lived intangibles, net$6.9M9 Dec 31, 2025$7.8M9 Dec 31, 2024−11.7%

Properties, in its own words

Our corporate headquarters is located at 4450 Excelsior Boulevard, Suite 100, St. Louis Park, Minnesota 55416. Including our corporate headquarters, we operate nine full-service branch offices located in the Twin Cities MSA. We currently own five of our branch offices located in Lake Elmo, Minneapolis (Hennepin Avenue), Minnetonka, Orono, and St. Louis Park, and lease the remaining four locations. Additional information regarding our locations is set forth below:

Address · Owned/Leased

The rest of Item 2

Headquarters and St. Louis Park Branch:

4450 Excelsior Boulevard, Suite 100, St. Louis Park, Minnesota 55416 · Owned

Other Branch Locations:

21500 Highway 7, Greenwood, Minnesota 55331 · Leased

60 South Sixth Street, Suite 285, Minneapolis, Minnesota 55402 · Leased

2445 Shadywood Road, Orono, Minnesota 55331 · Owned

3100 Hennepin Avenue, Minneapolis, Minnesota 55408 (1) · Owned

370 Wabasha Street N., St. Paul, Minnesota 55102 · Leased

7831 East Bush Lake Road, Suite 300, Bloomington, Minnesota 55439 · Leased

14550 Excelsior Boulevard., Minnetonka, Minnesota 55345 · Owned

11999 Upper 40th Street N., Lake Elmo, Minnesota 55042 (2) · Owned

(1) · Does not include the leased drive-up property located adjacent to the branch.

(2) · Branch was under construction as of December 31, 2025. Construction was completed and branch was opened in February 2026.

Item 2 of the 10-K filed Feb 26, 2026.4

Leadership

Who has led Bridgewater Bancshares Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jerry J. Baack2018–now

President

  1. Jerry J. Baack2018–2024
  2. Joseph M. Chybowski2024–now

Chief financial officer

  1. Joseph M. Chybowski2018–now

Chief operating officer

  1. Mary Jayne Crocker2018–2024
  2. Lisa M. Salazar2024–now
20202025
Board members and other officers (19)

Timeline

  1. Aug 26, 20268-K Other events35
  2. Aug 12, 20268-K Regulation FD disclosure36
  3. Jul 21, 20268-K Results of operations; Regulation FD disclosure; Other events37
  4. May 4, 20268-K Regulation FD disclosure38
  5. May 1, 20268-K Shareholder vote39
  6. Apr 21, 20268-K Results of operations; Regulation FD disclosure; Other events40
  7. Feb 27, 20268-K Entered a material agreement41
  8. Feb 9, 20268-K Regulation FD disclosure42
  9. Jan 27, 20268-K Results of operations; Regulation FD disclosure; Other events43
  10. Nov 3, 20258-K Regulation FD disclosure44
  11. Oct 21, 20258-K Results of operations; Regulation FD disclosure; Other events45
  12. Aug 21, 20258-K Regulation FD disclosure46
  13. Mar 13, 2018New chief executive Jerry J. Baack becomes CEO13
  14. Apr 21, 2005Founded Bridgewater Bancshares Inc is founded2

Calendar

When it reported results

  1. Jul 21, 2026Reported quarterly or annual results37
  2. Apr 21, 2026Reported quarterly or annual results40
  3. Jan 27, 2026Reported quarterly or annual results43
  4. Oct 21, 2025Reported quarterly or annual results45
  5. Jul 23, 2025Reported quarterly or annual results47
  6. Apr 23, 2025Reported quarterly or annual results48
  7. Jan 29, 2025Reported quarterly or annual results49
  8. Oct 23, 2024Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

541 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 59 major events, 361 insider forms, 22 large holders, 2 private raises, 77 other. The latest 20:

  1. Sep 30, 20264 EDGAR
  2. Sep 30, 20264 EDGAR
  3. Sep 30, 20264 EDGAR
  4. Sep 30, 20264 EDGAR
  5. Sep 30, 20264 EDGAR
  6. Sep 30, 20264 EDGAR
  7. Sep 30, 20264 EDGAR
  8. Sep 30, 20264 EDGAR
  9. Sep 30, 20264 EDGAR
  10. Sep 16, 20264 EDGAR
  11. Sep 15, 2026144 EDGAR
  12. Sep 10, 20264 EDGAR
  13. Sep 8, 2026144 EDGAR
  14. Sep 3, 20264 EDGAR
  15. Sep 1, 20264 EDGAR
  16. Sep 1, 20264 EDGAR
  17. Aug 27, 20264 EDGAR
  18. Aug 26, 20268-K EDGAR
  19. Aug 25, 20264 EDGAR
  20. Aug 21, 2026144 EDGAR

The 541 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

99 open-market trades by officers, directors and large owners since October 2021: 14 buys and 85 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Stejskal Jessica AnneChief Experience OfficerSale400$21.25$8.5KForm 4
Sep 9, 2026Parish Douglas J.DirectorSale4,000$21.38$85.5KForm 4
Sep 2, 2026Juran David B.DirectorSale623$21.50$13.4KForm 4
Aug 28, 2026Juran David B.DirectorSale518$21.50$11.1KForm 4
Aug 25, 2026Juran David B.DirectorSale940$21.54$20.2KForm 4
Aug 24, 2026Juran David B.DirectorSale25,000$21.74$543.5KForm 4
Aug 21, 2026Juran David B.DirectorSale15,000$21.59$323.9KForm 4
Aug 17, 2026Baack Jerry J.CEOSale10,000$22.48$224.8KForm 4
Aug 14, 2026Baack Jerry J.CEOSale15,000$22.21$333.1KForm 4
Aug 13, 2026Baack Jerry J.CEOSale10,000$22.03$220.3KForm 4
Aug 6, 2026Shellberg Jeffrey D.DirectorSale40,000$21.26$850.4KForm 4
Aug 5, 2026Shellberg Jeffrey D.DirectorSale160,000$21.04$3.4MForm 4
Aug 4, 2026Crocker Mary JayneDirectorSale11,000$21.04$231.4KForm 4
Jul 30, 2026Crocker Mary JayneDirectorSale11$21.22$233Form 4
Jul 29, 2026Baack Jerry J.CEOSale11,334$20.91$237.0KForm 4
Jul 27, 2026Baack Jerry J.CEOSale15,900$20.80$330.7KForm 4
Jun 5, 2026Chybowski Joseph M.PRESIDENT & CFOSale7,000$18.96$132.7KForm 4
Jun 5, 2026Place Nicholas L.CHIEF BANKING OFFICERSale4,688$19.28$90.4KForm 4
May 21, 2026Shellberg Jeffrey D.DirectorSale20,000$18.55$371.0KForm 4
May 21, 2026Crocker Mary JayneDirectorSale6,525$18.50$120.7KForm 4

All 99 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jerry Baack$650.0K$1.3M57
2025Joseph Chybowski$450.0K$922.3K57
2025Nick Place$385.0K$698.7K57
2025Mary Jayne Crocker$343.3K$634.8K57
2025Lisa Salazar$355.0K$603.7K57
2024Chairman of the Board and$650.0K$1.1M57
2024President and$421.9K$714.6K57
2024Former Executive VicePresident$390.0K$667.8K57
2024Chief Banking Officer$350.0K$582.1K57
2023Chief Executive Officer$650.0K$1.3M57
2023Chief Strategy Officer$390.0K$751.7K57
2023Chief Financial Officer$375.0K$721.7K57
2023Chief Banking Officer$350.0K$649.7K57

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$80.0M 2025–2025
Money received by yearMoney received by year, 2025–2025: $80.0M in all. Private raises (Form D) $80.0M.$0$20M$40M$60M$80M2025 · Private raises (Form D): $80.0M2025
Figures by year
YearPrivate raises (Form D)Total
2025$80.0M$80.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jun 24, 2025Raised $80 million in a private offering of debt58 Form D: 37 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,765,449$37.1M0.0%+180,053
Alliancebernstein L.P.1,341,747$23.7M0.0%+27,467
Dimensional Fund Advisors LP1,099,544$23.1M0.0%+41,073
Vanguard Capital Management LLC941,478$19.8M0.0%+21,960
American Century Companies Inc708,418$14.9M0.0%+90,491
Geode Capital Management, LLC557,374$11.7M0.0%+61,306
State Street Corp468,511$9.9M0.0%+14,037
Punch & Associates Investment Management, Inc.434,660$9.1M0.5%No change
Renaissance Technologies LLC385,947$8.1M0.0%+71,600
Tradition Wealth Management, LLC349,549$7.4M0.4%−2,316
Arrowstreet Capital, Limited Partnership348,022$7.3M0.0%No change
Next Century Growth Investors LLC318,380$6.7M0.4%−15,174
Two Sigma Investments, LP308,505$6.5M0.0%+134,795
Kennedy Capital Management LLC282,649$5.9M0.1%−4,293
Ancora Advisors LLC238,580$5.0M0.1%+2,340
Hillsdale Investment Management Inc.234,060$4.9M0.1%+22,100
Russell Investments Group, Ltd.232,011$4.9M0.0%+25,866
Hotchkis & Wiley Capital Management LLC230,264$4.8M0.0%+1,570
Hodges Capital Management Inc.193,390$4.1M0.3%−40,500
Northern Trust Corp186,223$3.9M0.0%+15,559
Vanguard Portfolio Management LLC179,768$3.8M0.0%+23,552
Morgan Stanley178,928$3.8M0.0%−19,491
Algert Global LLC169,752$3.6M0.0%New
Jpmorgan Chase & Co168,967$3.6M0.0%−10,985
Maltese Capital Management LLC169,195$3.6M0.6%+2,189

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Bridgewater Bancshares Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBridgewater Bancshares Inc1
  • CIK0001341317
  • Employer ID (EIN)26-01134124
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMinnesota4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address4450 Excelsior Blvd., Suite 100, St. Louis Park, MN 554161
  • Phone(952) 893-68681
  • Shares outstanding27,883,823 as of Jul 28, 202611
  • Public float$348.5M as of Jun 30, 20254
  • AuditorRSM US LLP, Des Moines, Iowa PCAOB ID 49; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceOct 7, 20051
  • Filings794 in all: 4 (468), 8-K (89), 144 (44), 10-Q (26), SC 13G/A (20), 3 (18), D (11), CORRESP (9)1
    All 39 form types

    10-K (8), 4/A (8), DEF 14A (8), UPLOAD (8), EFFECT (7), SC 13G (7), SCHEDULE 13G/A (7), DEFA14A (5), ARS (4), S-8 (4), 424B3 (3), 424B5 (3), D/A (3), FWP (3), PRE 14A (3), S-3 (3), S-4 (3), SC 13D/A (3), 5 (2), 8-A12B (2), CERT (2), DRSLTR (2), REGDEX (2), S-1/A (2), 144/A (1), 3/A (1), 424B4 (1), DRS (1), DRS/A (1), S-1 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Mar 16, 2026
    Latest 8-K (8-K) Aug 26, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 Par ValueBWBThe Nasdaq Stock Market
Depositary SharesBWBBPThe Nasdaq Stock Market

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Bridgewater Bancshares Inc names in Item 1A of its 10-K filed Feb 26, 2026: 50 risks under these headings, as written.4

  • Credit Risks
  • Liquidity and Funding Risks
  • Operational, Strategic and Reputational Risks
  • Legal, Accounting and Compliance Risks
  • Market and Interest Rate Risks
  • Our loan portfolio has a concentration of commercial real estate loans, which involve risks specific to real estate values and the health and market dynamics of the real estate market generally.
  • Because a significant portion of our loan portfolio is comprised of real estate loans, negative changes in the economy affecting real estate values and liquidity, as well as environmental factors, could impair the value of collateral securing our real estate loans and result in loan and other losses.
  • A decline in the business and economic conditions in our market could have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • Our business depends on our ability to manage credit risk.
  • Our allowance for credit losses may prove to be insufficient to absorb potential credit losses in our loan portfolio.
  • Elevated levels of inflation could adversely impact our clients’ businesses, adversely impacting our business, financial condition, results of operations and growth prospects.
  • Our high concentration of large loans to certain borrowers may increase our credit risk.
The other 43 risks
  • Affordable housing loans involve unique risks that could adversely affect our business
  • Nonperforming assets take significant time and resources to resolve and adversely affect our net interest income.
  • Liquidity risks could affect our operations and jeopardize our business, financial condition, results of operations and growth prospects.
  • We depend on non-core funding sources, which causes our cost of funds to be higher when compared to other financial institutions.
  • Our high concentration of large depositors may increase our liquidity risk, and the loss of any large depositor may negatively impact our net interest margin.
  • We may need to raise additional capital in the future, and if we fail to maintain sufficient capital, whether due to losses, an inability to raise additional capital or otherwise, our business, as well as our ability to maintain regulatory compliance, would be adversely affected.
  • We may be adversely affected by changes in the actual or perceived soundness or condition of other financial institutions.
  • We may not be able to implement our growth strategy or manage costs effectively, resulting in lower earnings or profitability.
  • We are highly dependent on our strategic leadership team, and the loss of any of our senior executive officers or other key employees, or our inability to attract and retain qualified personnel, could harm our ability to implement our strategic plan and impair our relationships with clients.
  • Compliance with labor and employment laws, including the Family and Medical Leave Act, could increase our costs and negatively affect operations.
  • The occurrence of fraudulent activity, breaches or failures of our information security controls or cybersecurity-related incidents could have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • Issues with the use of artificial intelligence in our marketplace may result in reputational harm or liability, or could otherwise adversely affect our business.
  • We depend on critical systems of third parties, and any systems failures, interruptions or data breaches involving these systems could adversely affect our operations and financial condition.
  • Our use of third party vendors and our other ongoing third party business relationships is subject to increasing regulatory requirements and attention.
  • We have a continuing need for technological change, and we may not have the resources to effectively implement new technology or we may experience operational challenges when implementing new technology.
  • We depend on the accuracy and completeness of information about clients and counterparties.
  • If we pursue strategic acquisitions, it may expose us to financial, execution and operational risks.
  • New lines of business, products, product enhancements or services may subject us to additional risks.
  • We operate in a highly competitive and changing industry and market area and compete with both banks and non-banks.
  • Severe weather, natural disasters, widespread disease or pandemics, acts of war or terrorism or other adverse external events could significantly impact our business.
  • We are subject to commercial real estate lending guidance issued by the federal banking regulators that impacts our operations and capital requirements.
  • Our risk management framework and programs may not be effective in mitigating risks or losses to us.
  • Our accounting estimates, risk management processes and controls rely on analytical and forecasting techniques and models and assumptions, which may not accurately predict future events.
  • Changes in accounting policies or standards could materially impact our financial statements.
  • The obligations associated with being a public company require significant resources and management attention, which may divert time and attention from our business operations.
  • Litigation and regulatory actions, including possible enforcement actions, could subject us to significant fines, penalties, judgments or other requirements resulting in increased expenses or restrictions on our business activities.
  • We are subject to extensive regulation, and the regulatory framework that applies to us, together with any future legislative or regulatory changes, may significantly affect our operations.
  • Changes in tax laws and regulations, or changes in the interpretation of existing tax laws and regulations, may have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • We are subject to more stringent capital requirements.
  • Federal and state regulators periodically examine our business, and we may be required to remediate adverse examination findings.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • Noncompliance with the Bank Secrecy Act and other anti-money laundering statutes and regulations could result in fines or sanctions against us.
  • Regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and adversely affect our business opportunities.
  • The Federal Reserve may require us to commit capital resources to support the Bank.
  • The financial reporting resources we have put in place may not be sufficient to ensure the accuracy of the additional information we are required to disclose as a publicly listed company.
  • We could recognize losses on securities held in our securities portfolio, particularly if interest rates increase or economic and market conditions deteriorate.
  • Monetary policies of the Federal Reserve could adversely affect our financial condition and results of operations.
  • Our stock is relatively thinly traded.
  • The price of our common stock could be volatile and other factors could cause our stock price to decline.
  • We do not intend to pay cash dividends on our common stock in the foreseeable future. Consequently, the ability of shareholders to achieve a return on their investment will depend on appreciation in the price of our common stock.
  • Future issuances of common stock could result in dilution, which could cause our common stock price to decline.
  • The holders of our debt obligations and preferred stock will have priority over our common stock with respect to payment in the event of liquidation, dissolution or winding up and with respect to the payment of interest and dividends.
  • We cannot guarantee that our stock repurchase program will be fully implemented or that it will enhance long-term shareholder value.

Legal proceedings

Neither the Company nor any of its subsidiaries is a party, and no property of these entities is subject, to any material pending legal proceedings, other than ordinary routine litigation incidental to the Bank’s business. The Company does not know of any proceeding contemplated by a governmental authority against the Company or any of its subsidiaries.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
    SEC EDGAROther events
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58