Bankwell Bank


Overview / Commentary
203-972-3838
208 Elm Street
New Canaan, CT 06840

Bankwell Bank is headquartered in New Canaan and is the 5th largest bank in the state of Connecticut. It is also the 451st largest bank in the nation. It was established in 2002 and as of December of 2020, it had grown to 125 employees at 13 locations. Bankwell Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #57368
Year Established2002
Employees125
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD5.38%
Annual Interest Income$77.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$2.25B$1.88B
LoansQ4 2020vs Q4 2019$1.60B$1.59B
DepositsQ4 2020vs Q4 2019$1.85B$1.50B
Equity CapitalQ4 2020vs Q4 2019$178.7MM$201.1MM
Loan Loss AllowanceQ4 2020vs Q4 2019$21.0MM$13.5MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$33.4MM$13.9MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bankwell Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Smart Savings

Bankwell Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$250k*-Smart Business Money Market
OTHER TIERS: 0.15% Up to $250k
0.20%--Smart Money Market

Bankwell Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Smart Checking

Bankwell Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-3 Year CD
Locations

Availability



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