Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 48

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 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 September 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 September 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 BankSeptember 30, 2025Common Equity Tier 1 Capital to Risk-Weighted Assets$344,557 12.39 %$194,736 7.00 %$180,826 6.50 %Tier I Capital to Risk-Weighted Assets344,557 12.39 %236,465 8.50 %222,555 8.00 %Total Capital to Risk-Weighted Assets375,092 13.48 %292,104 10.50 %278,194 10.00 %Tier I Capital to Average Assets344,557 10.71 %128,709 4.00 %160,886 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.September 30, 2025Common Equity Tier 1 Capital to Risk-Weighted Assets$289,955 10.39 %$125,580 4.50 %$181,394 6.50 %Tier I Capital to Risk-Weighted Assets289,955 10.39 %167,440 6.00 %223,254 8.00 %Total Capital to Risk-Weighted Assets390,125 13.98 %223,254 8.00 %279,067 10.00 %Tier I Capital to Average Assets289,955