Overview / Commentary
Bankwell Bank is headquartered in New Canaan and is the 5th largest bank in the state of Connecticut. It is also the 455th largest bank in the nation. It was established in 2002 and as of September of 2020, it had grown to 142 employees at 13 locations. Bankwell Bank has an A health rating.
Health
A
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57368 |
| Year Established | 2002 |
| Employees | 142 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 5.96% |
| Annual Interest Income | $58.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $2.19B$1.86B |
| Loans | Q3 2020vs Q3 2019 | $1.60B$1.55B |
| Deposits | Q3 2020vs Q3 2019 | $1.77B$1.48B |
| Equity Capital | Q3 2020vs Q3 2019 | $192.4MM$194.7MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $20.4MM$13.2MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $10.2MM$9.9MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
