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Exhibit 107.1

Calculation of Filing Fee Table

S-3

(Form Type)

Bridgewater Bancshares, Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

Security
Type

Security
Class
Title

Fee
Calculation
or Carry
Forward
Rule

Amount
Registered(1)

Proposed
Maximum
Offering
Price Per
Unit(1)

Maximum
Aggregate
Offering
Price

Fee Rate

Amount of
Registration
Fee(2)

Carry
Forward
Form
Type

Carry
Forward
File
Number

Carry
Forward
Initial
Effective
Date

Filing Fee
Previously
Paid in
Connection
with
Unsold
Securities
to be
Carried
Forward

Newly Registered Securities

Fees to Be Paid

Equity

Common Stock, $0.01 par value per share(3)

457(o)

$153.10 per $1,000,000

Fees to Be Paid

Equity

Preferred Stock, $0.01 par value per share(3)

457(o)

$153.10 per $1,000,000

Fees to Be Paid

Debt

Debt Securities(4)

457(o)

$153.10 per $1,000,000

Fees to Be Paid

Other

Warrants(5)

457(o)

$153.10 per $1,000,000

Fees to Be Paid

Other

Depositary Shares(6)

457(o)

$153.10 per $1,000,000

Fees to Be Paid

Other

Subscription Rights(7)

457(o)

$153.10 per $1,000,000


Fees to Be Paid

Other

Stock Purchase Contracts

457(o)

$153.10 per $1,000,000

Fees to Be Paid

Other

Stock Purchase Units

457(o)

$153.10 per $1,000,000

Fees to Be Paid

Other

Units

457(o)

$153.10 per $1,000,000

Fees to Be Paid

Unallocated (Universal) Shelf

Unallocated (Universal) Shelf

457(o)

$0.00(1)

$153.10 per $1,000,000

$0.00

Fees Previously Paid

¾

¾

¾

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Carry Forward Securities

Equity

Common Stock, $0.01 par value per share (b)

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Equity

Preferred Stock, $0.01 par value per share (b)

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Debt

Debt Securities (c)

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Other

Warrants (d)

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Other

Depositary Shares (e)

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Other

Subscription Rights (f)

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Other

Stock Purchase Contracts

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Other

Stock Purchase Units

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾

Carry Forward Securities

Other

Units

415(a)(6)

¾

¾

¾

¾

¾

¾

¾

¾

¾


Carry Forward Securities

Unallocated (Universal) Shelf

Unallocated (Universal) Shelf

415(a)(6)

$150,000,000(2)

¾

$150,000,000(2)

S-3

333-264509

May 12, 2022

$10,148

Total Offering Amounts

$150,000,000(2)

$0.00

Total Fees Previously Paid

$10,148.00

Total Fee Offsets

¾

Net Fee Due

$0.00

(1)

Calculated in accordance with Rule 457(o) under the Securities Act of 1933. The proposed maximum offering price per security will be determined from time to time by the registrant in connection with the issuance of the securities registered by this registration statement. The proposed maximum aggregate offering price has been estimated solely for the purpose of calculating the registration fee. In no event will the aggregate maximum offering price of all securities issued under this registration statement exceed $150,000,000. The amount registered is not specified as to each class of securities to be registered hereunder pursuant to Instruction 2.A.iii.b. of Item 16(b) of Form S-3 under the Securities Act of 1933.

(2)

This registration statement registers securities with a maximum aggregate offering price of $150,000,000. Of these securities, securities with a maximum aggregate offering price of $150,000,000 (the “Unsold Securities”) represent unsold securities previously registered by the registrant on its Registration Statement on Form S-3 filed on April 27, 2022 and declared effective on May 12, 2022 (File No. 333-264509) (the “2022 Registration Statement”). In connection with the 2022 Registration Statement, the registrant paid $10,148 in registration fees related to the Unsold Securities that will be applied to the securities registered pursuant to this registration statement. In accordance with Question 212.24 of the Securities and Exchange Commission, Division of Corporation Finance’s Compliance and Disclosure Interpretations regarding Securities Act Rules, the registrant is not required to pay any additional fee with respect to the Unsold Securities being included in this registration statement in reliance on Rule 415(a)(6), because such Unsold Securities (and associated fees) are being moved from the Prior Registration Statement to this registration statement. Pursuant to Rule 415(a)(6), the offering of securities under the Prior Registration Statement will be deemed terminated as of the date of effectiveness of this registration statement.

(3)

Shares of common stock or preferred stock may be issued in primary offerings, upon conversion of debt securities or preferred stock registered hereby or upon the exercise of warrants or subscription rights to purchase preferred stock or common stock.

(4)

The debt securities being registered hereunder will consist of one or more series of senior debt securities or subordinated debt securities, or any combination thereof, as more fully described herein.

(5)

Warrants exercisable for common stock, preferred stock, depositary shares, debt securities or other securities.

(6)

The depositary shares registered hereunder will be evidenced by depositary receipts issued pursuant to a deposit agreement. If the registrant elects to offer to the public fractional interests in shares of preferred stock, then depositary receipts will be distributed to those persons purchasing the fractional interests and the shares will be issued to the depositary under the deposit agreement.

(7)

Subscription rights evidencing the right to purchase common stock, preferred stock, depositary shares, debt securities or other securities.