Call reports 2023
BANKWELL BANK — 2023
What BANKWELL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 3,255,132,000 | 3,249,428,000 | 3,247,008,000 | 3,211,883,000 |
| Total loans | 2,752,512,000 | 2,767,301,000 | 2,764,526,000 | 2,713,247,000 |
| Allowance for loan losses | 27,998,000 | 30,694,000 | 29,284,000 | 27,946,000 |
| Securities available for sale | 103,171,000 | 99,938,000 | 97,908,000 | 109,736,000 |
| Securities held to maturity | 15,932,000 | 15,884,000 | 15,886,000 | 15,817,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,808,746,000 | 2,799,094,000 | 2,780,165,000 | 2,748,887,000 |
| Interest-bearing deposits | 2,431,079,000 | 2,431,459,000 | 2,434,732,000 | 2,402,715,000 |
| Noninterest-bearing deposits | 377,667,000 | 367,635,000 | 345,433,000 | 346,172,000 |
| Equity capital | 300,908,000 | 306,979,000 | 315,599,000 | 322,975,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 44,290,000 | 90,797,000 | 139,061,000 | 188,454,000 |
| Interest expense | 17,887,000 | 39,539,000 | 64,244,000 | 90,530,000 |
| Net interest income | 26,403,000 | 51,258,000 | 74,817,000 | 97,924,000 |
| Noninterest income | 1,499,000 | 2,921,000 | 3,762,000 | 4,811,000 |
| Noninterest expense | 11,401,000 | 22,790,000 | 33,769,000 | 44,980,000 |
| Provision for loan losses | 934,000 | 3,612,000 | 2,179,000 | 1,213,000 |
| Pretax income | 15,702,000 | 27,990,000 | 42,934,000 | 56,920,000 |
| Income tax | 3,680,000 | 6,313,000 | 9,829,000 | 13,301,000 |
| Net income | 12,022,000 | 21,677,000 | 33,105,000 | 43,619,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 298,897,000 | 305,467,000 | 313,861,000 | 321,432,000 |
| Total capital | 328,061,000 | 337,227,000 | 344,064,000 | 350,303,000 |
| Risk-weighted assets | 2,988,037,000 | 3,000,684,000 | 2,946,822,000 | 2,843,530,000 |