Bankwell financial group, inc. (BWFG)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
ASSETS
Cash and due from banks

203

78

83

75

88

75

84

89

81

70

85

84

63

96

94

92

69

49

-

-

-

48

-

-

-

-

Federal funds sold

6

0

0

3

4

2

2

0

2

0

11

1

10

0

1

1

3

39

-

-

-

-

-

-

-

-

Cash and cash equivalents

209

78

83

78

93

78

87

89

83

70

96

-

-

96

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities
Equity Securities, FV-NI

2

2

2

2

2

2

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Securities, Available-for-sale

82

82

86

93

96

93

94

92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

85

73

-

96

94

72

88

86

75

19

48

35

130

82

82

Available for sale investment securities, at fair value

-

-

-

-

-

-

-

-

99

92

86

90

87

87

82

83

91

40

45

46

50

65

67

49

35

28

Held to maturity investment securities, at amortized cost (fair values of $18,771 and $18,307 at March 31, 2020 and December 31, 2019, respectively)

16

16

17

21

21

21

21

21

21

21

23

23

16

16

16

16

17

10

11

11

11

11

11

13

13

13

Total investment securities

100

100

105

116

119

116

-

-

-

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans receivable (net of allowance for loan losses of $16,686 at March 31, 2020 and $13,509 at December 31, 2019)

1,602

1,588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

0

0

-

0

-

-

-

-

Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Loans and Leases Receivable, Net Amount

-

-

1,548

1,551

1,578

1,586

1,585

1,572

1,534

1,520

1,500

1,463

1,406

1,343

1,305

1,256

1,177

1,129

1,108

1,021

964

915

730

671

646

621

Other real estate owned

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreclosed real estate

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

1

1

0

0

0

0

0

0

0

Accrued interest receivable

5

5

5

6

6

6

6

5

5

5

5

5

5

4

4

4

4

4

3

3

3

3

2

2

2

2

Federal Home Loan Bank stock, at cost

6

7

7

7

7

8

9

9

9

9

9

8

8

7

7

7

7

6

6

6

6

6

4

4

4

4

Premises and equipment, net

27

28

28

29

29

19

20

20

19

18

17

17

17

17

10

10

10

11

11

11

12

11

7

8

8

7

Bank-owned life insurance

41

41

41

41

40

40

40

40

39

39

39

39

38

33

24

24

23

23

23

23

23

23

22

10

10

10

Goodwill

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

-

-

-

0

Other intangible assets

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

Deferred income taxes, net

10

5

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

Deferred income taxes, net

-

-

6

5

4

-

4

4

4

4

8

8

8

9

9

9

8

8

8

7

7

7

5

5

5

5

Other assets

45

22

27

19

13

10

13

11

10

10

13

10

5

7

4

3

1

2

2

1

1

2

5

4

1

1

Total assets

2,053

1,882

1,858

1,859

1,897

1,873

1,885

1,870

1,831

1,796

1,804

1,755

1,672

1,628

1,565

1,516

1,420

1,330

1,313

1,214

1,104

1,099

895

901

812

779

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits
Noninterest bearing deposits

168

191

178

161

161

173

162

168

161

172

162

176

170

187

176

178

165

164

148

162

142

166

151

146

119

118

Interest bearing deposits

1,512

1,300

1,291

1,316

1,359

1,329

1,330

1,297

1,264

1,225

1,247

1,237

1,156

1,101

1,040

1,001

927

882

876

789

691

669

544

583

559

542

Total deposits

1,681

1,491

1,470

1,477

1,521

1,502

1,493

1,465

1,426

1,398

1,409

1,414

1,327

1,289

1,216

1,180

1,093

1,046

1,025

951

834

835

695

730

679

661

Advances from the Federal Home Loan Bank

125

150

150

150

150

160

180

199

199

199

195

150

160

160

175

165

160

120

120

124

133

129

77

-

-

44

Subordinated debentures ($25,500 face, less unamortized debt issuance costs of $280 and $293 at March 31, 2020 and December 31, 2019, respectively)

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

-

-

-

-

-

-

-

Advances from the Federal Home Loan Bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

59

-

Accrued expenses and other liabilities

52

32

37

29

24

12

11

11

14

13

16

12

10

8

8

8

6

6

6

5

5

5

4

7

2

4

Total liabilities

1,883

1,699

1,682

1,682

1,720

1,699

1,710

1,701

1,665

1,635

1,646

1,602

1,522

1,483

1,425

1,378

1,285

1,198

1,177

1,081

973

970

777

784

740

710

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

Shareholders' equity
Preferred stock, senior noncumulative perpetual, Series C, no par; 10,980 shares issued at December 31, 2014, liquidation value of $1,000 per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

10

10

10

10

10

10

10

Common stock, no par value; 10,000,000 shares authorized, 7,871,419 and 7,868,803 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

119

120

120

120

120

120

120

119

119

118

117

116

115

115

113

113

113

112

108

108

107

107

97

97

52

52

Retained earnings

69

69

66

63

59

54

52

48

44

41

39

36

32

29

26

24

21

18

16

14

12

10

9

8

7

5

Accumulated other comprehensive loss

-19

-7

-11

-6

-3

-1

2

1

1

1

1

1

1

0

0

-0

-0

0

-0

0

0

0

0

0

0

0

Stockholders' Equity Attributable to Parent

170

182

176

176

176

174

174

169

165

161

158

153

149

145

140

137

134

131

135

133

131

129

118

117

71

69

Total liabilities and shareholders' equity

2,053

1,882

1,858

1,859

1,897

1,873

1,885

1,870

1,831

1,796

1,804

1,755

1,672

1,628

1,565

1,516

1,420

1,330

1,313

1,214

1,104

1,099

895

901

812

779