Bankwell Bank
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Data as of · sourced from FFIEC call reports. How we update
Bankwell Bank is an FDIC-insured commercial bank headquartered in New Canaan, CT, established in 2002 (FDIC certificate 57368), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $3.47B, up 7.3% from Q2 2025, the 2nd largest of 27 banks headquartered in Connecticut. Its CET1 capital ratio was 11.67% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57368
- Headquarters
- New Canaan, CT
- Established
- 2002
- Total assets, Q2 2026
- $3.47B
- Assets vs Q2 2025
- +7.3%
- CET1 ratio, Q2 2026
- 11.67%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 021113662
- Latest call report
- Q2 2026, FFIEC 041 · Bankwell Bank call report
- Holding company
- BANKWELL FINANCIAL GROUP, INC.
- Asset rank in state
- 2nd of 27 in Connecticut
Bankwell Bank runs leaner than most banks of its size. Based in New Canaan, Connecticut, it had $3.5 billion in assets at June 30, 2026, up 7.3% from a year earlier. It spends about 40 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). On the other hand, it pays an average of 2.93% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 2.01%).
Earnings jumped: net income for the quarter was $14 million, 34% above the same quarter a year earlier. Its $715 million commercial and industrial book is improving, with 0.20% past due or on nonaccrual, down from 1.24% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 3.4 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
As of June 30, 2026, Bankwell Bank reported a CET1 capital ratio of 11.67%, a return on assets of 1.69%, a nonperforming-loan ratio of 0.54% and a Texas ratio of 4.16%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Bankwell Bank is the 2nd largest of the 27 banks headquartered in Connecticut. From Q1 2026 to Q2 2026, its total assets rose 3.0% to $3.47B, loans rose 3.3% and deposits rose 4.2%. The largest part of its loan book on June 30, 2026 was owner-occupied commercial real estate loans, at 28.2% of total loans, ahead of non-owner-occupied commercial real estate loans at 24.9%. Its 11 offices in the FDIC Summary of Deposits are in 8 cities across 2 states; its New Canaan 2 offices book 65% of its branch deposits. Judged on its Q2 2026 call report, Bankwell Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 156 Cherry St, New Canaan, CT 06840
- County
- Western Connecticut
- Metro Area
- Bridgeport-Stamford-Danbury, CT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- April 22, 2002
- Former names
- The Bank of New Canaan (2013)
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 181
- Domestic deposits
- $3.04B
- Allowance for credit losses
- $30.6M
- Net charge-offs (YTD)
- $167K
- Average total assets
- $3.39B
- Average total loans
- $2.87B
- Average interest-bearing deposits
- $2.47B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- April 22, 2002
- FDIC Cert
- 57368
- Fed RSSD
- 3109043
- SEC CIK
- 1505732 → filed by BANKWELL FINANCIAL GROUP, INC.
- Website
- www.mybankwell.com →
- Parent Holding Company
- BANKWELL FINANCIAL GROUP, INC. (RSSD 3553815) · BWFG
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Christopher R Gruseke | CEO | CEO |
| Matt Mcneill | PRES | President & CBO |
| Courtney E Sacchetti | CFO | EVP & Chief Financial Officer |
| Christine Chivily | CCO | EVP & Chief Credit Officer |
| Steven H Brunner | CRO | EVP & Chief Risk Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Bankwell Bank's total assets ran between $3.14B (Q2 2024) and $3.47B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.47B total assets against $3.23B; $3.11B total liabilities against $2.89B.
$2.92B net loans and leases against $2.64B; $3.04B total deposits against $2.77B.
$205.6M securities against $142.6M; $203.4M cash and balances due against $322.5M.
$52.2M total interest income against $48.6M; $21.9M total interest expense against $23.8M.
$30.4M net interest income against $24.8M.
$3.3M total noninterest income against $2.0M; $13.5M total noninterest expense against $13.2M.
$1.2M provision for credit losses against -$411K.
$14.3M net income against $10.7M.
1.69% return on assets against 1.35%; 3.68% net interest margin against 3.21%.
11.67% CET1 capital ratio against 12.20%; 10.39% tier 1 leverage ratio against 10.57%.
Inside the full Bankwell Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Bankwell Bank rankings
Its closest position to the top of a national ranking is 199 of 3,606, for efficiency ratio; its furthest is 1,815 of 2,134, for CET1 ratio.
Metric pages for Bankwell Bank: Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.46% (Q3 2024) to 1.69% (Q2 2026) and its net interest margin ran from 2.71% (Q4 2024) to 3.68% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.67% | 1.69% | 0.54% | 4.16% | 3.68% |
| Q1 2026 | 11.97% | 1.54% | 0.67% | 5.06% | 3.41% |
| Q4 2025 | 11.87% | 1.30% | 0.58% | 4.35% | 3.50% |
| Q3 2025 | 12.39% | 1.46% | 0.63% | 4.69% | 3.48% |
| Q2 2025 | 12.20% | 1.35% | 0.90% | 5.56% | 3.21% |
| Q1 2025 | 12.10% | 1.01% | 1.00% | 5.52% | 2.93% |
| Q4 2024 | 11.64% | 0.59% | 1.97% | 15.56% | 2.71% |
| Q3 2024 | 11.80% | 0.46% | 2.50% | 16.90% | 2.81% |
Swipe the table sideways to see every column.
Branch Network
View all 11 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bankwell Bank (main office) | New Canaan , CT | 06840 | $1.51B |
| Elm Street Branch | New Canaan , CT | 06840 | $469.1M |
| Hamden Branch | Hamden , CT | 06518 | $316.1M |
| Black Rock Turnpike Branch | Fairfield , CT | 06825 | $163.9M |
| Norwalk Branch | Norwalk , CT | 06851 | $136.0M |
| Fairfield Branch | Fairfield , CT | 06824 | $125.2M |
| Atlantic Branch | Stamford , CT | 06901 | $98.6M |
| High Ridge Branch | Stamford , CT | 06905 | $84.5M |
| Brooklyn Branch | Brooklyn , NY | 11209 | $59.8M |
| Darien Branch | Darien , CT | 06820 | $42.5M |
| Westport Branch | Westport , CT | 06880 | $27.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 1, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2014 | Structure Change | Acquired Quinnipiac Bank & Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 6, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 6, 2013 | Structure Change | Acquired The Wilton Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 9, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 9, 2013 | Structure Change | Acquired The Bank of Fairfield Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.6% of deposits in CT, rank 10 of 46 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 11 applications, 4 loans originated, $13.8M originated, across 1 states
- Period: Calendar year 2019. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 62 loans, $53.3M approved, $859K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bankwell Bank
What are Bankwell Bank's total assets?
As of the Q2 2026 filing, Bankwell Bank reported total assets of $3.47 billion in its FFIEC call report.
Where is Bankwell Bank headquartered?
It is headquartered in New Canaan, CT, United States.
When was Bankwell Bank founded?
It was established in 2002, per the FDIC institution directory.
Is Bankwell Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57368). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bankwell Bank?
Bankwell Bank's primary federal regulator is the FDIC.
What is Bankwell Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.67% in its Q2 2026 call report, above regulatory requirements.
How many branches does Bankwell Bank operate?
It operates 11 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bankwell Bank's Texas Ratio?
Its Texas Ratio is 4.16% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Bankwell Bank previously called?
The charter now named Bankwell Bank has also operated as The Bank of New Canaan (2013), per FDIC structure-change records.
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