Bridgewater Bancshares: Pay

Bridgewater Bancshares paid its 5 named executives $4.2M in total in FY2025 (Dec). CEO Jerry Baack was paid $1.3M of that.

Pay$100 in the stock at the end of FY20 → $140
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Jerry BaackChairman of the Board and Chief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Low confidenceLow confidenceLow confidenceLow confidenceNot disclosed
5 years
Joseph ChybowskiPresident and Chief Financial Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
4 years
Nick PlaceChief Banking Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
4 years
Mary Jayne CrockerFormer Executive Vice President Chief Strategy Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Low confidenceLow confidenceLow confidenceLow confidenceNot disclosed
5 years
Lisa SalazarChief Operating Officer
FY2025 (Dec)
FY2024 (Dec)Not disclosed
FY2023 (Dec)Not disclosed
3 years

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 11 peers with pay on file was $1.7M. The CEO of Bridgewater Bancshares was paid $1.3M, 21% below the median.

  1. 1Nicolet Bankshares
  2. 2Civista Bancshares
  3. 3First Mid Bancshares
  4. 4Bank First
  5. 5Mercantile Bank
  6. 6QCR Holdings
  7. 7Alerus Financial
  8. 8Midland States Bancorp
  9. 9West Bancorporation
  10. 10Bridgewater Bancshares
  11. 11First Business Financial Services
  12. 12Southern Missouri Bancorp
  13. 13Byline Bancorp, Inc.Not disclosed
  14. 14ConnectOne BancorpNot disclosed
  15. 15Farmers & Merchants BancorpNot disclosed
  16. 16Farmers National Banc Corp.Not disclosed
  17. 17Five Star BancorpNot disclosed
  18. 18Great Southern BancorpNot disclosed
  19. 19Lakeland FinancialNot disclosed
  20. 20MidWestOne Financial Group, Inc.Not disclosed
  21. 21Old Second Bancorp, Inc.Not disclosed
  22. 22Southern First BancsharesNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.