Overview / Commentary
Bridgewater Bank is headquartered in Saint Louis Park and is the 4th largest bank in the state of Minnesota. It is also the 409th largest bank in the nation. It was established in 2005 and as of June of 2019, it had grown to 150 employees at 9 locations. Bridgewater Bank's money market rates are 2X the national average, and it boasts an A+ health rating.
Health
A+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58210 |
| Year Established | 2005 |
| Employees | 150 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.5% |
| Return on Equity - YTD | 13.73% |
| Annual Interest Income | $49.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $2.12B$1.75B |
| Loans | Q2 2019vs Q2 2018 | $1.76B$1.44B |
| Deposits | Q2 2019vs Q2 2018 | $1.73B$1.46B |
| Equity Capital | Q2 2019vs Q2 2018 | $233.5MM$194.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $21.4MM$17.7MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $555.00K$746.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $1.0MM$148.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Bridgewater Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $50 | - | Basic Savings |
Bridgewater Bank Money Market Rates
Bridgewater Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $10k | - | Investor Checking | |
| 0.10% | $1k | - | Interest Checking |
Bridgewater Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $10k | - | 12 Month CD | |
| 2.00% | $10k | - | 60 Month CD | |
| 1.90% | $10k | - | 48 Month CD | |
| 1.80% | $10k | - | 36 Month CD | |
| 1.70% | $10k | - | 24 Month CD | |
| 1.60% | $10k | - | 18 Month CD | |
| 1.25% | $10k | - | 6 Month CD |
Bridgewater Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $10k | - | 12 Month IRA | |
| 2.00% | $10k | - | 60 Month IRA | |
| 1.90% | $10k | - | 48 Month IRA | |
| 1.80% | $10k | - | 36 Month IRA | |
| 1.70% | $10k | - | 24 Month IRA | |
| 1.60% | $10k | - | 18 Month IRA | |
| 1.25% | $10k | - | 6 Month IRA |
Locations
| Bridgewater Bank Locations | ||
|---|---|---|
| Greenwood Branch | 21500 Highway 7 | Greenwood, MN 55331 |
| Bridgewater Bank | 4400 Excelsior Boulevard | Saint Louis Park, MN 55416 |
| Downtown Branch | 625 Marquette Avenue South #w0100 | Minneapolis, MN 55402 |
| Saint Louis Park Branch | 4400 Excelsior Boulevard | Saint Louis Park, MN 55416 |
| Hennepin Avenue Branch | 3100 Hennepin Avenue | Minneapolis, MN 55408 |
| Navarre Branch | 2445 Shadywood Road | Navarre, MN 55392 |
| Uptown Drive Through Branch | 3101 Hennepin Ave. | Minneapolis, MN 55408 |
| St. Paul Branch | 370 Wabasha Street North, Ste. 1500 | Saint Paul, MN 55102 |
| Bloomington Branch | 7831 East Bush Lake Road, Suite 300 | Edina, MN 55439 |