Overview / Commentary
Bankwell Bank is headquartered in New Canaan and is the 7th largest bank in the state of Connecticut. It is also the 458th largest bank in the nation. It was established in 2002 and as of June of 2017, it had grown to 131 employees at 10 locations. Bankwell Bank's CD rates are 28% higher than the national average, and it has an A health rating.
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Health
A
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57368 |
| Year Established | 2002 |
| Employees | 131 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 10.72% |
| Annual Interest Income | $34.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.75B$1.51B |
| Loans | Q2 2017vs Q2 2016 | $1.46B$1.26B |
| Deposits | Q2 2017vs Q2 2016 | $1.42B$1.19B |
| Equity Capital | Q2 2017vs Q2 2016 | $171.2MM$152.8MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $19.5MM$16.1MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $5.1MM$3.7MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $222.00K$492.00K |
Rates
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Bankwell Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.55% | $1k | - | 18 Month CD | |
| 1.30% | $1k | - | 15 Month CD | |
| 1.15% | $1k | - | 12 Month CD |
Locations
| Fairfield Branches | ||
|---|---|---|
| Black Rock Turnpike Branch | 2220 Black Rock Turnpike | Fairfield, CT 06825 |
| Fairfield Branch | One Sasco Hill Road | Fairfield, CT 06824 |
| Hamden Branches | ||
|---|---|---|
| Bankwell In Hamden | 2704 Dixwell Avenue | Hamden, CT 06514 |
| New Canaan Branches | ||
|---|---|---|
| Cherry Street Branch | 156 Cherry Street | New Canaan, CT 06840 |
| The Bank Of New Canaan | 208 Elm Street | New Canaan, CT 06840 |
| North Haven Branches | ||
|---|---|---|
| North Haven Branch | 24 Washington Avenue | North Haven, CT 06473 |
| Norwalk Branches | ||
|---|---|---|
| Norwalk Branch | 370 Westport Avenue | Norwalk, CT 06851 |
| Stamford Branches | ||
|---|---|---|
| Stamford Branch | 612 Bedford Street | Stamford, CT 06901 |
| Wilton Branches | ||
|---|---|---|
| Wilton Br | 47 Old Ridgefield Road | Wilton, CT 06897 |
| Wilton Branch | 435 Danbury Road | Wilton, CT 06897 |