Call reports 2020
BANKWELL BANK — 2020
What BANKWELL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,052,166,000 | 2,041,883,000 | 2,191,258,000 | 2,251,445,000 |
| Total loans | 1,618,832,000 | 1,610,657,000 | 1,621,147,000 | 1,622,681,000 |
| Allowance for loan losses | 16,686,000 | 19,662,000 | 20,372,000 | 21,009,000 |
| Securities available for sale | 82,342,000 | 82,220,000 | 90,563,000 | 88,605,000 |
| Securities held to maturity | 16,252,000 | 16,196,000 | 16,138,000 | 16,079,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,687,505,000 | 1,626,994,000 | 1,774,467,000 | 1,850,303,000 |
| Interest-bearing deposits | 1,518,951,000 | 1,412,172,000 | 1,539,572,000 | 1,579,862,000 |
| Noninterest-bearing deposits | 168,554,000 | 214,822,000 | 234,895,000 | 270,441,000 |
| Equity capital | 189,123,000 | 188,555,000 | 192,445,000 | 178,652,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 20,095,000 | 39,419,000 | 58,341,000 | 77,487,000 |
| Interest expense | 6,435,000 | 11,746,000 | 16,685,000 | 21,150,000 |
| Net interest income | 13,660,000 | 27,673,000 | 41,656,000 | 56,337,000 |
| Noninterest income | 861,000 | 1,280,000 | 1,688,000 | 2,141,000 |
| Noninterest expense | 8,633,000 | 17,317,000 | 25,900,000 | 38,297,000 |
| Provision for loan losses | 3,185,000 | 6,185,000 | 6,897,000 | 7,606,000 |
| Pretax income | 2,742,000 | 5,508,000 | 10,605,000 | 12,628,000 |
| Income tax | 399,000 | 933,000 | 1,984,000 | 2,415,000 |
| Net income | 2,343,000 | 4,575,000 | 8,621,000 | 10,213,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 205,713,000 | 205,559,000 | 207,920,000 | 191,579,000 |
| Total capital | 222,399,000 | 225,221,000 | 228,292,000 | 212,588,000 |
| Risk-weighted assets | 1,694,004,000 | 1,652,361,000 | 1,682,100,000 | 1,731,662,000 |