Bankwell Financial Group, Inc. (BWFG)

Bankwell Financial Group Balance Sheet

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	251.38	269.16	355.68	344.68	409.6	63.95
Investment Securities	137.97	127.59	121.6	108.36	106.83	100.79
Trading Asset Securities	9.96	8.82	12.5	3.63	4.44	2.27
Mortgage-Backed Securities	0.03	0.03	0.04	0.05	0.06	0.08
Total Investments	147.96	136.44	134.13	112.04	111.33	103.13
Gross Loans	2,657	2,719	2,675	1,895	1,626	1,604
Allowance for Loan Losses	-36.08	-27.95	-22.43	-16.9	-21.01	-13.51
Other Adjustments to Gross Loans	-4.41	-5.36	-6.63	-2.81	-2.95	-2.14
Net Loans	2,617	2,685	2,646	1,875	1,602	1,589
Property, Plant & Equipment	25.6	27.02	27.2	25.59	21.76	28.52
Goodwill	2.59	2.59	2.59	2.59	2.59	2.59
Other Intangible Assets	-	-	-	-	0.08	0.21
Accrued Interest Receivable	14.68	14.86	13.07	7.51	6.58	5.96
Restricted Cash	-	-	-	-	-	14.1
Other Current Assets	-	-	-	18.11	30.82	13.45
Long-Term Deferred Tax Assets	11.35	9.38	7.42	7.62	11.3	5.79
Other Long-Term Assets	65.76	65.03	60.76	60.14	50.16	48.16
Total Assets	3,142	3,215	3,252	2,456	2,254	1,882
Accrued Expenses	47.89	34.69	49.89	28.87	21.45	19.54
Interest Bearing Deposits	1,172	1,191	1,239	1,334	1,037	797.64
Institutional Deposits	1,162	1,200	1,157	391.19	519.78	502.75
Non-Interest Bearing Deposits	328.48	346.17	404.56	398.96	270.24	191.52
Total Deposits	2,662	2,737	2,801	2,124	1,827	1,492
Short-Term Borrowings	90	90	90	-	-	-
Current Portion of Long-Term Debt	-	-	-	50	175	150
Current Portion of Leases	-	2.34	-	-	-	-
Long-Term Debt	73.69	73.7	73.17	51.22	53.27	38.16
Long-Term Leases	-	11.32	-	-	-	-
Other Long-Term Liabilities	0.73	0.93	0.1	0.18	0.11	0.18
Total Liabilities	2,875	2,950	3,014	2,254	2,077	1,700
Common Stock	118.04	118.25	115.02	118.15	121.34	120.59
Retained Earnings	150.9	149.17	123.64	92.4	70.84	69.32
Comprehensive Income & Other	-1.96	-1.66	-0.19	-8.56	-15.58	-7.52
Total Common Equity	266.98	265.75	238.47	201.99	176.6	182.4
Shareholders' Equity	266.98	265.75	238.47	201.99	176.6	182.4
Total Liabilities & Equity	3,142	3,215	3,252	2,456	2,254	1,882
Total Debt	163.69	177.35	163.17	101.22	228.27	188.16
Net Cash (Debt)	97.65	100.62	205.01	247.09	185.77	-121.95
Net Cash Growth	-12.15%	-50.92%	-17.03%	33.01%	-	-
Net Cash Per Share	12.70	13.16	26.83	31.83	23.98	-15.67
Filing Date Shares Outstanding	7.63	7.68	7.63	7.68	7.81	7.82
Total Common Shares Outstanding	7.63	7.63	7.52	7.61	7.76	7.76
Book Value Per Share	34.97	34.84	31.73	26.53	22.77	23.51
Tangible Book Value	264.39	263.16	235.88	199.4	173.94	179.59
Tangible Book Value Per Share	34.63	34.50	31.38	26.19	22.43	23.15

Source: S&P Capital IQ. Banks template. Financial Sources.