Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 120

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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 in a requirement for the Bank to effectively maintain Common Equity Tier 1, Tier 1 and total capital ratios of 7.0%, 8.5% and 10.5%, respectively. The Bank must maintain the capital conservation buffer to avoid restrictions on the ability to pay dividends, pay discretionary bonuses, or to engage in share repurchases.As of June 30, 2023, the Company no longer met the definition of a Small Bank Holding Company as the Company's assets exceeded $3 billion. Effective March 31, 2024, the Company became subject to the larger company capital requirements as set forth in the Economic Growth Act.  Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements.As of June 30, 2025, the Bank and Company met all capital adequacy requirements to which they are subject. There are no conditions or events since then that management believes have changed this conclusion.

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The capital amounts and ratios for the Bank and the Company at June 30, 2025 and December 31, 2024 were as follows:Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation BufferMinimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action ProvisionsActual Capital(Dollars in thousands)AmountRatioAmountRatioAmountRatioBankwell BankJune 30, 2025Common Equity Tier 1 Capital to Risk-Weighted Assets$336,061 12.20 %$192,868 7.00 %$179,091 6.50 %Tier I Capital to Risk-Weighted Assets336,061 12.20 %234,196 8.50 %220,420 8.00 %Total Capital to Risk-Weighted Assets365,917 13.28 %289,301 10.50 %275,525 10.00 %Tier I Capital to Average Assets336,061 10.57 %127,136 4.00 %158,920 5.00 %Minimum Regulatory Capital Required for Capital Adequacy Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action ProvisionsActual CapitalAmountRatioAmountRatioAmountRatioBankwell Financial Group, Inc.June 30, 2025Common Equity Tier 1 Capital to Risk-Weighted Assets$281,024 10.18 %$124,256