Bankwell Bank


Bankwell Bank is an FDIC insured institution headquartered at 156 Cherry St, New Canaan, CT 06840.
It was founded in 2002 and has approximately $3 billion in assets. Customers can open an account at one of its 10 branches.

Deposit Rates - February 26, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57368
Date Established 2002
Assets $ 3.25 billion
Loans $ 2.74 billion
Deposits $ 2.78 billion
Capital $ 315.60 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 256.97 million
Interest-bearing balances $ 246.96 million
Total securities $ 115.77 million
Federal funds sold and reverse repurchase $ 1.12 million
Net loans and leases $ 2.74 billion
Loan loss allowance $ 29.28 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.54 million
All other assets $ 84.09 million
     Total Assets $ 2.93 billion

LIABILITIES
Total deposits $ 2.78 billion
      Interest-bearing deposits $ 2.43 billion
      Deposits held in domestic offices $ 2.78 billion
      % insured (estimated) 71.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 119.46 million
Subordinated debt N.A.
All other liabilities $ 19.84 millionn
      Total Liabilities $ 2.93 billion
      Shareholders’ Equity $ 315.60 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 139.06 million
Total Interest Expense $ 64.24 million
Net interest income $ 74.82 million
Provision for loan and lease losses $ 1.83 million
Total non interest income $ 3.76 million
Total non interest expense $ 33.77 million
Pre-tax Net Operating Income $ 28.88 million

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