Bankwell Financial Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	224.92	307.52	269.16	355.68	344.68
Investment Securities	192.12	146.07	127.59	121.6	108.36
Trading Asset Securities	-	7.47	8.82	12.5	3.63
Mortgage-Backed Securities	-	0.03	0.03	0.04	0.05
Total Investments	192.12	153.57	136.44	134.13	112.04
Gross Loans	2,835	2,706	2,719	2,675	1,895
Allowance for Loan Losses	-30.71	-29.01	-27.95	-22.43	-16.9
Other Adjustments to Gross Loans	-	-3.92	-5.36	-6.63	-2.81
Net Loans	2,804	2,673	2,685	2,646	1,875
Property, Plant & Equipment	21.58	23.86	27.02	27.2	25.59
Goodwill	2.59	2.59	2.59	2.59	2.59
Accrued Interest Receivable	16.14	14.54	14.86	13.07	7.51
Other Current Assets	-	-	-	-	18.11
Long-Term Deferred Tax Assets	11.36	9.74	9.38	7.42	7.62
Other Real Estate Owned & Foreclosed	-	8.3	-	-	-
Other Long-Term Assets	80.5	69.75	65.03	60.76	60.14
Total Assets	3,360	3,268	3,215	3,252	2,456
Accrued Expenses	49.19	33.66	48.35	49.89	28.87
Interest Bearing Deposits	2,426	1,279	1,191	1,239	1,334
Institutional Deposits	-	1,186	1,200	1,157	391.19
Non-Interest Bearing Deposits	403.65	321.88	346.17	404.56	398.96
Total Deposits	2,829	2,788	2,737	2,801	2,124
Short-Term Borrowings	110	90	90	90	-
Current Portion of Long-Term Debt	-	-	-	-	50
Current Portion of Leases	-	2.38	-	-	-
Long-Term Debt	69.7	73.92	73.7	73.17	51.22
Long-Term Leases	-	9.67	-	-	-
Other Long-Term Liabilities	-	0.76	0.93	0.1	0.18
Total Liabilities	3,058	2,998	2,950	3,014	2,254
Common Stock	120.12	119.11	118.25	115.02	118.15
Retained Earnings	181.59	152.66	149.17	123.64	92.4
Comprehensive Income & Other	-0.22	-1.24	-1.66	-0.19	-8.56
Shareholders' Equity	301.49	270.52	265.75	238.47	201.99
Total Liabilities & Equity	3,360	3,268	3,215	3,252	2,456
Total Debt	179.7	175.97	163.7	163.17	101.22
Net Cash (Debt)	45.22	139.03	114.28	205.01	247.09
Net Cash Growth	-67.47%	21.66%	-44.26%	-17.03%	33.01%
Net Cash Per Share	5.78	17.97	14.94	26.83	31.83
Filing Date Shares Outstanding	7.72	7.68	7.68	7.63	7.68
Total Common Shares Outstanding	7.72	7.64	7.63	7.52	7.61
Book Value Per Share	39.08	35.43	34.84	31.73	26.53
Tangible Book Value	298.9	267.93	263.16	235.88	199.4
Tangible Book Value Per Share	38.74	35.09	34.50	31.38	26.19

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