Call reports 2024
BANKWELL BANK — 2024
What BANKWELL BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 3,151,818,000 | 3,138,638,000 | 3,157,498,000 | 3,263,382,000 |
| Total loans | 2,674,677,000 | 2,652,776,000 | 2,619,304,000 | 2,701,966,000 |
| Allowance for loan losses | 27,991,000 | 36,083,000 | 27,752,000 | 29,007,000 |
| Securities available for sale | 108,418,000 | 107,635,000 | 108,865,000 | 107,428,000 |
| Securities held to maturity | 15,739,000 | 28,286,000 | 34,886,000 | 36,552,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,684,733,000 | 2,673,482,000 | 2,700,653,000 | 2,799,388,000 |
| Interest-bearing deposits | 2,308,485,000 | 2,345,007,000 | 2,405,101,000 | 2,477,512,000 |
| Noninterest-bearing deposits | 376,248,000 | 328,475,000 | 295,552,000 | 321,876,000 |
| Equity capital | 325,826,000 | 325,500,000 | 324,844,000 | 327,083,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 48,281,000 | 95,957,000 | 144,151,000 | 191,995,000 |
| Interest expense | 26,271,000 | 51,865,000 | 78,476,000 | 105,256,000 |
| Net interest income | 22,010,000 | 44,092,000 | 65,675,000 | 86,739,000 |
| Noninterest income | 930,000 | 1,619,000 | 2,722,000 | 3,732,000 |
| Noninterest expense | 11,498,000 | 22,338,000 | 33,896,000 | 45,177,000 |
| Provision for loan losses | 3,698,000 | 12,066,000 | 18,581,000 | 22,789,000 |
| Pretax income | 7,743,000 | 11,486,000 | 16,373,000 | 22,663,000 |
| Income tax | 1,837,000 | 2,667,000 | 3,906,000 | 5,475,000 |
| Net income | 5,906,000 | 8,819,000 | 12,467,000 | 17,188,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 324,355,000 | 324,443,000 | 323,558,000 | 325,296,000 |
| Total capital | 353,257,000 | 359,216,000 | 351,815,000 | 355,058,000 |
| Risk-weighted assets | 2,797,021,000 | 2,779,849,000 | 2,743,133,000 | 2,795,568,000 |