Bankwell Financial Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Cash & Equivalents	322.46	307.52	269.16	355.68	344.68	409.6	Upgrade
Investment Securities	142.55	146.07	127.59	121.6	108.36	106.83	Upgrade
Trading Asset Securities	-	7.47	8.82	12.5	3.63	4.44	Upgrade
Mortgage-Backed Securities	-	0.03	0.03	0.04	0.05	0.06	Upgrade
Total Investments	142.55	153.57	136.44	134.13	112.04	111.33	Upgrade
Gross Loans	2,665	2,706	2,719	2,675	1,895	1,626	Upgrade
Allowance for Loan Losses	-29.26	-29.01	-27.95	-22.43	-16.9	-21.01	Upgrade
Other Adjustments to Gross Loans	-	-3.92	-5.36	-6.63	-2.81	-2.95	Upgrade
Net Loans	2,636	2,673	2,685	2,646	1,875	1,602	Upgrade
Property, Plant & Equipment	23.02	23.86	27.02	27.2	25.59	21.76	Upgrade
Goodwill	2.59	2.59	2.59	2.59	2.59	2.59	Upgrade
Other Intangible Assets	-	-	-	-	-	0.08	Upgrade
Accrued Interest Receivable	14.74	14.54	14.86	13.07	7.51	6.58	Upgrade
Other Current Assets	-	-	-	-	18.11	30.82	Upgrade
Long-Term Deferred Tax Assets	9.68	9.74	9.38	7.42	7.62	11.3	Upgrade
Other Real Estate Owned & Foreclosed	1.28	8.3	-	-	-	-	Upgrade
Other Long-Term Assets	79.47	69.75	65.03	60.76	60.14	50.16	Upgrade
Total Assets	3,237	3,268	3,215	3,252	2,456	2,254	Upgrade
Accrued Expenses	49.45	33.66	48.35	49.89	28.87	21.45	Upgrade
Interest Bearing Deposits	2,362	1,279	1,191	1,239	1,334	1,037	Upgrade
Institutional Deposits	-	1,186	1,200	1,157	391.19	519.78	Upgrade
Non-Interest Bearing Deposits	397.2	321.88	346.17	404.56	398.96	270.24	Upgrade
Total Deposits	2,759	2,788	2,737	2,801	2,124	1,827	Upgrade
Short-Term Borrowings	75	90	90	90	-	-	Upgrade
Current Portion of Long-Term Debt	-	-	-	-	50	175	Upgrade
Current Portion of Leases	-	2.38	-	-	-	-	Upgrade
Long-Term Debt	69.57	73.92	73.7	73.17	51.22	53.27	Upgrade
Long-Term Leases	-	9.67	-	-	-	-	Upgrade
Other Long-Term Liabilities	-	0.76	0.93	0.1	0.18	0.11	Upgrade
Total Liabilities	2,953	2,998	2,950	3,014	2,254	2,077	Upgrade
Common Stock	118.7	119.11	118.25	115.02	118.15	121.34	Upgrade
Retained Earnings	165.5	152.66	149.17	123.64	92.4	70.84	Upgrade
Comprehensive Income & Other	-0.9	-1.24	-1.66	-0.19	-8.56	-15.58	Upgrade
Total Common Equity	283.29	270.52	265.75	238.47	201.99	176.6	Upgrade
Shareholders' Equity	283.29	270.52	265.75	238.47	201.99	176.6	Upgrade
Total Liabilities & Equity	3,237	3,268	3,215	3,252	2,456	2,254	Upgrade
Total Debt	144.57	175.97	163.7	163.17	101.22	228.27	Upgrade
Net Cash (Debt)	177.89	139.03	114.28	205.01	247.09	185.77	Upgrade
Net Cash Growth	82.17%	21.66%	-44.26%	-17.03%	33.01%	-	Upgrade
Net Cash Per Share	22.88	17.97	14.94	26.83	31.83	23.98	Upgrade
Filing Date Shares Outstanding	7.69	7.68	7.68	7.63	7.68	7.81	Upgrade
Total Common Shares Outstanding	7.69	7.64	7.63	7.52	7.61	7.76	Upgrade
Book Value Per Share	36.85	35.43	34.84	31.73	26.53	22.77	Upgrade
Tangible Book Value	280.7	267.93	263.16	235.88	199.4	173.94	Upgrade
Tangible Book Value Per Share	36.51	35.09	34.50	31.38	26.19	22.43	Upgrade

Source: S&P Global Market Intelligence. Banks template. Financial Sources.