Bridgewater Bancshares, Inc..
BWB.US | Other monetary intermediation
Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides various banking products and services to individuals and businesses in the United States. It accepts various deposit products, including checking, savings, and money market accounts, as well as certi...Show More
Better Health for All
0
Bridgewater Bancshares, Inc. operates as a bank, and its core products and services (banking, loans, deposits) are considered to have no direct positive or negative health impact, resulting in a neutral score for health impact and harmful revenue. The company does not offer health-related products or services, making KPIs such as safety record, price accessibility, risk transparency, health innovation investment, healthcare data responsibility, pharma patent flexibility, nutrition and food safety, addiction mitigation, and clinical trial ethics not applicable. While the company engages in community development, including $240 million in affordable housing loans in 2024 (nearly 30% of total loan originations) and $800,000 in grants to nonprofits for affordable housing, and received an Outstanding CRA rating from the FDIC in 2023, these activities, while beneficial for social determinants of health, do not directly involve serving health needs as defined by the rubric's positive tiers for vulnerable reach and health equity programs.
1
Similarly, internal employee wellness programs and mental health learning sessions are not scored under preventative health measures or mental health initiatives, as these KPIs are focused on external health outcomes and public health initiatives, not internal employee benefits.
Fair Money & Economic Opportunity
40
In 2024, Bridgewater Bank's Community Development Loans represented nearly 30% of its total loan originations.
1
This included significant funding for affordable housing projects, such as $13.1 million for a 175-unit project in Brooklyn Park and $9.0 million for a 170-unit project in Burnsville.
2
The bank received an "Outstanding" CRA Rating from the FDIC for the examination period ending January 2023, which is the highest possible rating.
3
Fair Pay & Worker Respect
40
The company's CEO to median employee pay ratio was 12.2:1 in 2024, with the CEO's total compensation at $1,120,926 and the median employee's at $91,770.
1
As of December 31, 2024, the company had 290 full-time equivalent employees.
2
All team members are eligible for annual discretionary bonus opportunities and 401(k) matching.
3
The company's competitive benefits package includes comprehensive healthcare (medical, dental, and vision).
4
In 2024, the company adopted a Human Rights Policy and a Diversity, Equity and Inclusion Policy.
5
Full-time team members receive up to 16 hours of paid time off annually for volunteer opportunities.
6
Fair Trade & Ethical Sourcing
0
Bridgewater Bancshares, Inc. is a bank holding company, and its operations do not typically involve the procurement or trade of physical commodities, nor does it have a supply chain that requires welfare or sourcing audits in the traditional sense. Therefore, several KPIs related to fair trade certifications, audit frequency, forced/child labor incidents, traceability, remediation speed, and high-risk materials are not applicable to its business model. No quantitative data on supplier diversity spend or ethical clause coverage in supplier contracts was found in the provided articles.
1
Honest & Fair Business
10
As of December 31, 2024, the company's board of directors consists of 10 members, with 8 identified as independent directors.
1
This means 80% of the board members are free from material conflicts of interest.
Kind to Animals
0
Bridgewater Bancshares, Inc. operates as a bank, a service-oriented business. Its core operations do not involve animal testing, animal-derived products, animal agriculture, or direct impact on wildlife habitats. The provided articles do not contain any specific, concrete data points for any of the KPIs related to animal welfare, testing, sourcing, or conservation.
1
The mention of 'therapy pups from a local animal shelter' for an employee event is not a measurable data point for any of the defined KPIs.
2
Therefore, all KPIs are omitted due to a lack of relevant evidence.
No War, No Weapons
0
The provided articles for Bridgewater Bancshares, Inc. (BWB.US) do not contain specific, factual evidence for any of the KPIs related to the 'No War, No Weapons' ethical value. There is no information regarding revenue from arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, conflict divestment policies, board oversight of defense activities, export end-user certifications, lobbying against arms control, humanitarian procurement compliance, human rights due diligence frequency, Arms Trade Treaty compliance, AI military safeguards, UN Guiding Principles alignment, dual-use item screening, surveillance transparency, ethical red lines, exposure to controversial weapons, war-risk audit results, annual conflict partner reviews, defense divestment, conflict minerals, peace technology investment, conflict zone procurement, or ethical red lines compliance rates.
1
Planet-Friendly Business
-40
Bridgewater Bank's Corporate Center has earned ENERGY STAR® certification for three consecutive years, indicating it performs in the top 25% of buildings nationwide for energy use.
1
With 9 branches, this means approximately 11% of its facilities are certified.
2
Additionally, the company has implemented nearly exclusive LED lighting across all facilities and installed new carpet with the highest sustainability rating in its Corporate Center in 2023, which created a net positive carbon impact.
3
Since 2020, recycling initiatives have led to nearly 400 computers being recycled, saving over three tons of electronic waste from landfills.
4
In 2024, the bank shredded nearly 1,000 pounds of paper and saved an average of nearly 5,800 plastic bottles per month through water bottle filling stations.
5
The company also plans to continue the Adopt a Highway program in 2025.
6
Respect for Cultures & Communities
0
Bridgewater Bank has one formal partnership with Cristo Rey Jesuit High School through a Corporate Work Study Program.
1
The company has no reported cultural appropriation incidents.
2
There is no mention of a formal cultural impact assessment protocol.
3
The company had 304 full-time and 5 part-time employees as of February 10, 2025, and 255 FTE employees in 2023, but no specific local employment ratio is provided.
4
A Whistleblower Policy is available, but no community-specific grievance mechanisms are detailed.
5
The company received an 'Outstanding' CRA rating from the FDIC in 2023.
6
In 2023, Bridgewater Bank made $312,000 in charitable contributions related to CRA, which includes affordable housing, community service, and education.
7
In 2025, Bridgewater Bank contributed an additional $100,000 to a $800,000 grant program for 23 Minnesota nonprofits, totaling $900,000 in contributions to community funds.
8
The company emphasizes relationship banking and community involvement, with a board of directors comprised of local business and civic leaders and individuals with deep ties to the communities in its market areas.
9
Safe & Smart Tech
-30
Bridgewater Bancshares, Inc. requires all team members to complete quarterly information security training, including social engineering testing, with specialized training for certain roles, and this training is monitored and reported on.
1
The company recommends users enable encryption on their devices and configure wireless networks for encryption (WPA or WPA2),
2
but does not specify the extent of its own internal encryption across products, services, or internal systems. User data control is limited to federal rights to restrict some marketing and the ability to change passwords and review account recovery options.
3
The company recommends strong passwords and security questions,
4
but does not specify the availability or requirement of multi-factor authentication across its services. The company states it collects only necessary data and retains it only as long as needed.
5
It also states it complies with federal law, Sarbanes-Oxley (SOX), Bank Secrecy Act (BSA), and Anti-Money Laundering (AML) regulations, and conducts annual regulatory compliance training.
6
Zero Waste & Sustainable Products
-20
Bridgewater Bank has implemented several waste reduction initiatives. In 2024, the company saved nearly 5,800 plastic bottles per month through water bottle filling stations.
1
Through a partnership with PCs for People, Bridgewater has recycled nearly 400 computers since 2020, with over 250 refurbished and distributed, saving over three tons of electronic waste from landfills.
2
A paper shredding event in 2024 processed nearly 1,000 pounds of paper.
3
The company also reported a 29% increase in digital banking users and a 22% increase in mobile deposits since 2021, contributing to paper reduction.
4
Additionally, new carpet with the highest sustainability rating was installed in the Bridgewater Corporate Center in 2023.
5
The company has not reported any waste disposal violations in the past three years.
6