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Bridgewater Bancshares, Inc. (BWB): Business Model Canvas [Jan-2025 Updated]
US | Financial Services | Banks - Regional | NASDAQ
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Bridgewater Bancshares, Inc. (BWB) Bundle
Bridgewater Bancshares, Inc. (BWB) stands as a dynamic regional banking powerhouse, strategically positioning itself in the competitive financial landscape through a meticulously crafted business model that blends traditional relationship-based banking with cutting-edge digital innovation. By focusing on small to medium-sized businesses and local commercial enterprises, BWB has developed a unique value proposition that leverages personalized service, advanced technology, and deep local market understanding to deliver comprehensive banking solutions that go beyond conventional financial offerings.
Bridgewater Bancshares, Inc. (BWB) - Business Model: Key Partnerships
Local Business Associations and Chambers of Commerce
As of Q4 2023, Bridgewater Bancshares maintains partnerships with:
Organization | Location | Partnership Details |
---|---|---|
Minnesota Chamber of Commerce | Minneapolis, MN | Active membership since 2015 |
Minnesota Bankers Association | St. Paul, MN | Strategic networking partner |
Commercial Real Estate Developers
Key commercial real estate development partnerships include:
- Ryan Companies US, Inc.
- Mortenson Construction
- Kraus-Anderson Companies
Regional Financial Service Providers
Bridgewater Bancshares collaborates with:
Provider | Service Type | Partnership Duration |
---|---|---|
Jack Henry & Associates | Core Banking Technology | 8 years |
Fiserv, Inc. | Payment Processing | 5 years |
Small to Medium-Sized Business Networks
Network partnerships as of 2024:
- Minneapolis-St. Paul Business Journal Small Business Network
- Minnesota Small Business Development Center
Technology and Digital Banking Platform Vendors
Digital technology partnerships:
Vendor | Technology Solution | Implementation Year |
---|---|---|
Temenos Group AG | Digital Banking Platform | 2022 |
Finastra | Lending Management System | 2021 |
Bridgewater Bancshares, Inc. (BWB) - Business Model: Key Activities
Commercial and Personal Banking Services
As of Q4 2023, Bridgewater Bancshares reported total assets of $4.9 billion. The bank provides a comprehensive range of banking services with the following key metrics:
Service Category | Total Volume | Average Transaction Value |
---|---|---|
Commercial Lending | $2.3 billion | $1.4 million per loan |
Personal Banking | $1.6 billion | $285,000 per account |
Loan Origination and Underwriting
Loan portfolio breakdown for 2023:
- Total loan originations: $987 million
- Commercial real estate loans: 52%
- Residential mortgage loans: 28%
- Construction and development loans: 15%
- Consumer loans: 5%
Deposit and Investment Management
Deposit Type | Total Balance | Growth Rate |
---|---|---|
Checking Accounts | $1.2 billion | 7.3% |
Savings Accounts | $875 million | 5.6% |
Money Market Accounts | $620 million | 4.2% |
Digital Banking Platform Development
Digital banking engagement metrics for 2023:
- Mobile banking users: 78,000
- Online banking transactions: 2.4 million
- Digital account opening rate: 42%
- Mobile app download growth: 18%
Regulatory Compliance and Risk Management
Compliance and risk management metrics:
- Compliance staff: 65 professionals
- Annual compliance budget: $8.3 million
- Risk management technology investment: $2.1 million
- Regulatory examination ratings: Consistently 'Satisfactory'
Bridgewater Bancshares, Inc. (BWB) - Business Model: Key Resources
Strong Regional Banking Infrastructure
As of Q4 2023, Bridgewater Bancshares operates 18 full-service banking locations across Minnesota. Total assets reported: $4.71 billion.
Infrastructure Metric | Quantity |
---|---|
Total Banking Locations | 18 |
Total Assets | $4.71 billion |
Total Deposits | $4.16 billion |
Experienced Management Team
Leadership team with average banking experience of 22 years.
- CEO: Jerry Baack - 30 years banking experience
- Chief Financial Officer: James Dahl - 25 years financial services
- Chief Operating Officer: Mary Jaeger - 18 years banking operations
Advanced Digital Banking Technology
Technology investment in 2023: $6.2 million.
Digital Service | Capability |
---|---|
Mobile Banking Platform | Full-feature mobile app |
Online Banking Users | 87% of customer base |
Digital Transaction Volume | 2.3 million monthly transactions |
Robust Financial Capital
Capital metrics as of December 31, 2023:
- Tier 1 Capital Ratio: 12.4%
- Total Risk-Based Capital Ratio: 13.6%
- Tangible Common Equity Ratio: 9.2%
Extensive Local Market Knowledge
Market concentration in Minnesota:
Market Segment | Market Share |
---|---|
Commercial Lending | 7.3% |
Small Business Banking | 6.8% |
Personal Banking | 5.9% |
Bridgewater Bancshares, Inc. (BWB) - Business Model: Value Propositions
Personalized Banking Solutions for Businesses
As of Q4 2023, Bridgewater Bancshares provides targeted banking services with $6.3 billion in total assets and $4.8 billion in total deposits.
Business Banking Services | Annual Volume |
---|---|
Commercial Lending | $1.2 billion |
Business Checking Accounts | 12,547 active accounts |
Treasury Management Services | $875 million managed |
Competitive Interest Rates and Loan Products
Current loan portfolio breakdown:
- Commercial Real Estate Loans: 45% of total loan portfolio
- Commercial & Industrial Loans: 28% of total loan portfolio
- Residential Real Estate Loans: 22% of total loan portfolio
- Consumer Loans: 5% of total loan portfolio
Local Decision-Making and Relationship-Based Banking
Bridgewater operates with 15 banking centers primarily in Minnesota, focusing on localized financial solutions.
Geographic Market | Market Penetration |
---|---|
Minnesota Metropolitan Area | 87% of customer base |
Wisconsin Market | 8% of customer base |
Other Regional Markets | 5% of customer base |
Streamlined Digital Banking Experience
Digital banking metrics as of 2023:
- Mobile Banking Users: 68,000 active users
- Online Banking Transactions: 2.4 million monthly
- Digital Account Opening Rate: 42% of new accounts
Responsive Customer Service
Customer service performance indicators:
Service Metric | Performance |
---|---|
Average Response Time | Less than 2 hours |
Customer Satisfaction Rating | 4.6/5 |
Complaint Resolution Rate | 98.7% |
Bridgewater Bancshares, Inc. (BWB) - Business Model: Customer Relationships
Dedicated Relationship Managers
As of Q4 2023, Bridgewater Bancshares allocated 42 dedicated relationship managers across its Minnesota market footprint. These managers serve specific customer segments with an average portfolio of 87 business and personal banking clients each.
Customer Segment | Relationship Managers | Average Portfolio Size |
---|---|---|
Business Banking | 24 | 53 clients |
Personal Banking | 18 | 34 clients |
Personal and Business Banking Consultations
In 2023, Bridgewater Bancshares conducted 3,672 personalized banking consultations, with 62% focused on business banking services.
- Consultation Types:
- Business loan strategy sessions
- Personal wealth management reviews
- Commercial banking advisory meetings
Digital Self-Service Platforms
Digital platform usage increased to 78% of total customer interactions in 2023. Online banking platform features include:
Digital Service | Monthly Active Users | Transaction Volume |
---|---|---|
Mobile Banking | 42,156 | 1.2 million monthly transactions |
Online Bill Pay | 35,789 | 687,000 monthly transactions |
Community Engagement and Networking Events
Bridgewater Bancshares hosted 76 community networking events in 2023, targeting local business and personal banking segments.
- Event Categories:
- Small business workshops
- Economic outlook seminars
- Nonprofit networking sessions
Tailored Financial Advisory Services
In 2023, the bank provided 1,245 customized financial advisory consultations with an average consultation duration of 2.3 hours.
Advisory Service | Total Consultations | Average Client Satisfaction |
---|---|---|
Business Financial Planning | 687 | 4.6/5 rating |
Personal Wealth Management | 558 | 4.5/5 rating |
Bridgewater Bancshares, Inc. (BWB) - Business Model: Channels
Physical Branch Network
As of 2024, Bridgewater Bancshares operates 32 physical branch locations primarily concentrated in Minnesota. The branch distribution is as follows:
Region | Number of Branches |
---|---|
Minneapolis-St. Paul Metropolitan Area | 24 |
Greater Minnesota | 8 |
Online Banking Platform
Bridgewater Bancshares provides a comprehensive online banking platform with the following features:
- Secure web-based account access
- Real-time transaction monitoring
- Bill payment services
- Electronic statements
Mobile Banking Application
The bank's mobile application offers:
- Mobile check deposit
- Account balance tracking
- Fund transfers
- Location-based ATM finder
Phone Banking Support
Customer service telephone support operates with the following specifications:
Service Hours | Contact Details |
---|---|
Monday-Friday: 8:00 AM - 6:00 PM CST | (952) 857-7700 |
ATM Network
Bridgewater Bancshares maintains an ATM network of 42 machines, with the following distribution:
Location Type | Number of ATMs |
---|---|
Bank Branch Locations | 32 |
Standalone ATMs | 10 |
Bridgewater Bancshares, Inc. (BWB) - Business Model: Customer Segments
Small to Medium-Sized Businesses
As of Q4 2023, Bridgewater Bancshares serves 3,247 small to medium-sized business customers across Minnesota. Total commercial loan portfolio for this segment: $412.6 million.
Business Size Category | Number of Customers | Average Loan Amount |
---|---|---|
Micro Businesses (1-9 employees) | 1,842 | $127,500 |
Small Businesses (10-49 employees) | 1,405 | $287,300 |
Local Commercial Enterprises
Commercial banking segment generates $18.2 million in annual revenue. Local enterprise customer base: 2,013 businesses.
- Industry Distribution:
- Retail: 34%
- Manufacturing: 22%
- Professional Services: 18%
- Construction: 15%
- Other: 11%
Personal Banking Customers
Total personal banking customers: 47,583. Deposit accounts value: $1.3 billion.
Account Type | Customer Count | Average Balance |
---|---|---|
Checking Accounts | 32,416 | $22,750 |
Savings Accounts | 15,167 | $37,600 |
Professional Service Providers
Professional service customer segment: 1,276 clients. Total professional services lending: $156.4 million.
Regional Entrepreneurs and Startups
Startup and entrepreneurial banking segment: 687 active customers. Total startup loan portfolio: $93.2 million.
- Startup Sector Breakdown:
- Technology: 42%
- Healthcare: 23%
- Financial Services: 17%
- Other Sectors: 18%
Bridgewater Bancshares, Inc. (BWB) - Business Model: Cost Structure
Employee Salaries and Benefits
As of the 2023 annual report, Bridgewater Bancshares, Inc. reported total compensation expenses of $59.1 million.
Compensation Category | Amount ($) |
---|---|
Base Salaries | 42,300,000 |
Performance Bonuses | 8,600,000 |
Employee Benefits | 8,200,000 |
Technology and Infrastructure Maintenance
Technology infrastructure costs for 2023 totaled $12.5 million.
- Core banking system upgrades: $4.2 million
- Cybersecurity investments: $3.8 million
- Digital banking platform maintenance: $2.9 million
- Network and hardware infrastructure: $1.6 million
Branch Operation Expenses
Total branch operation expenses for 2023 were $22.3 million.
Branch Expense Category | Amount ($) |
---|---|
Rent and Occupancy | 9,700,000 |
Utilities | 3,200,000 |
Maintenance and Repairs | 5,600,000 |
Branch Equipment | 3,800,000 |
Regulatory Compliance Costs
Regulatory compliance expenses for 2023 amounted to $7.6 million.
- Legal and compliance staff salaries: $3.2 million
- Regulatory reporting systems: $1.8 million
- External audit and consulting fees: $2.6 million
Marketing and Customer Acquisition Expenses
Marketing and customer acquisition costs for 2023 were $6.4 million.
Marketing Expense Category | Amount ($) |
---|---|
Digital Marketing | 2,700,000 |
Traditional Advertising | 1,900,000 |
Customer Acquisition Programs | 1,800,000 |
Bridgewater Bancshares, Inc. (BWB) - Business Model: Revenue Streams
Interest Income from Loans
For the fiscal year 2023, Bridgewater Bancshares reported total interest income of $192.7 million. Loan interest breakdown:
Loan Category | Interest Income ($M) |
---|---|
Commercial Real Estate Loans | 114.3 |
Commercial & Industrial Loans | 45.6 |
Residential Mortgage Loans | 32.8 |
Service Fees and Transaction Charges
Service fee revenue for 2023 totaled $37.5 million, including:
- Deposit account fees: $18.2 million
- ATM transaction fees: $6.7 million
- Overdraft charges: $8.3 million
- Wire transfer fees: $4.3 million
Investment and Wealth Management Services
Wealth management revenue for 2023 reached $22.6 million, with the following segments:
Service Category | Revenue ($M) |
---|---|
Asset Management | 12.4 |
Financial Advisory | 7.2 |
Trust Services | 3.0 |
Digital Banking Service Fees
Digital banking revenue for 2023 was $15.3 million, including:
- Online banking transaction fees: $7.6 million
- Mobile banking service charges: $5.4 million
- Digital payment processing: $2.3 million
Commercial Banking Product Revenues
Commercial banking product revenues for 2023 totaled $28.9 million:
Product Category | Revenue ($M) |
---|---|
Treasury Management Services | 14.2 |
Business Credit Cards | 6.7 |
Merchant Services | 8.0 |
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