Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 47

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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, 2024Common Equity Tier 1 Capital to Risk-Weighted Assets$325,296 11.64 %$195,690 7.00 %$181,712 6.50 %Tier I Capital to Risk-Weighted Assets325,296 11.64 %237,623 8.50 %223,645 8.00 %Total Capital to Risk-Weighted Assets355,058 12.70 %296,535 10.50 %279,557 10.00 %Tier I Capital to Average Assets325,296 10.09 %128,998 4.00 %161,248 5.00 %Minimum Regulatory Capital Required for Capital AdequacyMinimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action ProvisionsActual CapitalAmountRatioAmountRatioAmountRatioBankwell Financial Group, Inc.December 31, 2024Common Equity Tier 1 Capital to Risk-Weighted Assets$268,733 9.60 %$126,030 4.50 %$182,043 6.50 %Tier I Capital to Risk-Weighted Assets268,733 9.60 %168,040 6.00 %224,053 8.00 %Total Capital to Risk-Weighted Assets367,946 13.14 %224,053 8.00 %280,066 10.00 %Tier I Capital to Average Assets268,733 8.34 %128,943 4.00 %161,179 5.00 %Regulatory Restrictions on DividendsThe ability of the Company to pay dividends depends, in part, on the ability of the Bank to pay dividends to the Parent Corporation. In accordance with Connecticut statutes, regulatory approval is required to pay dividends in excess of the Bank’s profits retained in the current year plus retained profits from the previous two years. The Bank is also prohibited from paying dividends that would reduce its capital ratios below minimum regulatory requirements.Reserve Requirements on CashThe Bank was not required to maintain a minimum reserve balance in the Federal Reserve Bank (FRB) at June 30, 2025 or December 31, 2024.

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8. Deposits

At June 30, 2025 and December 31, 2024, deposits consisted of the following:June 30, 2025December 31,