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Overview / Commentary
208 Elm Street
New Canaan, CT 06840

Bankwell Bank is headquartered in New Canaan and is the 13st largest bank in the state of Connecticut. It is also the 749th largest bank in the nation. It was established in 2002 and as of June of 2014, it had grown to 103 employees at 7 locations. Bankwell Bank has a A+ health rating.

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Health

Data for Q2 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Bankwell Bank had $3.81 million in non-current loans and owned real-estate with $111.99 million in equity and loan loss allowances on hand to cover it. This gives Bankwell Bank a Texas Ratio of 3.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Bankwell Bank experienced no significant changes from 2.79% as of June 30, 2013 to 3.41% as of June 30, 2014, resulting in a negative change of 21.88%. This indicates that the balance sheet and financial strength for Bankwell Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Bankwell Bank has increased its total deposits by $362.03 million, resulting in 95.32% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bankwell Bank has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bankwell Bank has $897.34 million in assets with $111.99 million in equity, resulting in a capitalization level of 12.48%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57368
Year Established2002
Employees103
Primary RegulatorFDIC
Assets and Liabilities
Assets$897.34 million
Loans$671.83 million
Deposits$741.84 million
Equity Capital$103.01 million
Loan Loss Allowance$8.99 million
Unbacked Noncurrent Loans$2.98 million
Real Estate Owned$830,000
Historic Data - June 2013
Assets$482.61 million
Equity Capital$37.38 million
Loan Loss Allowance$6.03 million
Unbacked Noncurrent Loans$2.98 million
Real Estate Owned$26,000
Profit Margin - Quarterly
Return on Assets0.77%
Return on Equity8.52%
Interest Income$15.91 million
Rates

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Locations


Bankwell Bank Locations
Cherry Street Branch156 Cherry StreetNew Canaan, CT 6840
The Bank Of New Canaan208 Elm StreetNew Canaan, CT 6840
Stamford Branch612 Bedford StreetStamford, CT 6901