Bankwell Bank is a state-chartered bank headquartered in New Canaan, Connecticut, in business for about 24 years. At the end of Q2 2026 it reported $3.5B in total assets and $3.0B in deposits, with 11 offices across 2 states.
Bankwell Bank has a TellerScore of 68 out of 100 (moderate) based on Q2 2026 data — higher than only 49% of its 897 banks with $1 billion – $10 billion. Among 27 banks headquartered in Connecticut, it ranks 12th. Problem-loan coverage contributes the most (92/100, 4.1%); funding & liquidity contributes the least (36/100, 96% loans-to-deposits, 40% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 5 points (63 → 68), mostly because the earnings component improved by 17 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 45 |
| Q3 2024 | 42 |
| Q4 2024 | 46 |
| Q1 2025 | 60 |
| Q2 2025 | 63 |
| Q3 2025 | 67 |
| Q4 2025 | 67 |
| Q1 2026 | 67 |
| Q2 2026 | 68 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.17% |
| Q3 2024 | 10.24% |
| Q4 2024 | 10.09% |
| Q1 2025 | 10.14% |
| Q2 2025 | 10.57% |
| Q3 2025 | 10.71% |
| Q4 2025 | 10.56% |
| Q1 2026 | 10.32% |
| Q2 2026 | 10.39% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 2.12% |
| Q3 2024 | 2.50% |
| Q4 2024 | 1.97% |
| Q1 2025 | 1.00% |
| Q2 2025 | 0.90% |
| Q3 2025 | 0.63% |
| Q4 2025 | 0.58% |
| Q1 2026 | 0.67% |
| Q2 2026 | 0.54% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.56% |
| Q3 2024 | 0.53% |
| Q4 2024 | 0.54% |
| Q1 2025 | 1.02% |
| Q2 2025 | 1.17% |
| Q3 2025 | 1.27% |
| Q4 2025 | 1.27% |
| Q1 2026 | 1.54% |
| Q2 2026 | 1.61% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 68 | $3.5B | 10.39% | 0.54% | 1.61% | 96.4% |
| Q1 2026 | 67 | $3.4B | 10.32% | 0.67% | 1.54% | 97.3% |
| Q4 2025 | 67 | $3.4B | 10.56% | 0.58% | 1.27% | 98.4% |
| Q3 2025 | 67 | $3.2B | 10.71% | 0.63% | 1.27% | 96.8% |
| Q2 2025 | 63 | $3.2B | 10.57% | 0.90% | 1.17% | 95.1% |
| Q1 2025 | 60 | $3.2B | 10.14% | 1.00% | 1.02% | 94.5% |
| Q4 2024 | 46 | $3.3B | 10.09% | 1.97% | 0.54% | 95.5% |
| Q3 2024 | 42 | $3.2B | 10.24% | 2.50% | 0.53% | 96.0% |
| Q2 2024 | 45 | $3.1B | 10.17% | 2.12% | 0.56% | 97.9% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Connecticut
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Union Savings BankBank Danbury, CT | 71 out of 100, Strong | $3.3B | 11.5% | 0.29% | vs |
| Ion BankBank Naugatuck, CT | 62 out of 100, Moderate | $2.8B | 11.9% | 1.49% | vs |
| First County BankBank Stamford, CT | 61 out of 100, Moderate | $2.4B | 9.6% | 0.24% | vs |
| Thomaston Savings BankBank Thomaston, CT | 68 out of 100, Moderate | $1.9B | 10.7% | 0.65% | vs |
| Fairfield County BankBank Ridgefield, CT | 76 out of 100, Strong | $1.9B | 14.3% | 0.05% | vs |
| Newtown Savings BankBank Newtown, CT | 65 out of 100, Moderate | $1.9B | 9.5% | 0.37% | vs |
Deposit insurance
Is my money safe at Bankwell Bank?
Yes. Bankwell Bank is an FDIC-insured institution (FDIC certificate #57368). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 39.7% of deposits ($1.2B) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.39%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.70% (benchmark: 10%).
11 locations
Branches
Bankwell Bank lists 11 offices in 8 cities across 2 states. Most locations:
- Fairfield, CT (2)
- New Canaan, CT (2)
- Stamford, CT (2)
- Brooklyn, NY (1)
- Darien, CT (1)
- Hamden, CT (1)
- Norwalk, CT (1)
- Westport, CT (1)
Identity & history
Profile
- Legal name
- Bankwell Bank
- Former names
- The Bank of New Canaan
- Type
- State-chartered bank
- FDIC certificate #
- 57368
- RSSD ID
- 3109043
- Primary regulator
- FDIC
- Holding company
- Bankwell Financial Group Inc
- Established
- April 22, 2002
- Headquarters
- 156 Cherry St, New Canaan, CT 06840
- Website
- www.mybankwell.com
- Employees
- 181
Quick answers
Bankwell Bank: common questions
Is Bankwell Bank FDIC insured?
Yes. Bankwell Bank is an FDIC-insured institution (FDIC certificate #57368). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Bankwell Bank's TellerScore?
68 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Bankwell Bank ever failed?
There is no failure record for FDIC certificate #57368 in the FDIC failed bank list.
How many branches does Bankwell Bank have?
11 offices as of the latest FDIC data, in 2 states.
Nearby
Highest-scoring banks and credit unions with branches near New Canaan
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Scf Westchester N. Y. Employees Federal Credit UnionCredit union White Plains, NY | 93 out of 100, Very strong | $1.5M | 23.8% | 0.18% | vs |
| Gha Federal Credit UnionCredit union Greenwich, CT | 91 out of 100, Very strong | $29.7M | 17.5% | 0.56% | vs |
| Waterbury Connecticut Teachers Federal Credit UnionCredit union Waterbury, CT | 91 out of 100, Very strong | $365.2M | 17.1% | 0.26% | vs |
| NorthEast Community BankBank White Plains, NY | 90 out of 100, Very strong | $2.1B | 17.3% | 0.00% | vs |
| Greenwich Municipal Employees Federal Credit UnionCredit union Greenwich, CT | 89 out of 100, Very strong | $32.6M | 14.5% | 0.87% | vs |
| Bridgeport Police Federal Credit UnionCredit union Bridgeport, CT | 86 out of 100, Very strong | $29.6M | 18.7% | 1.65% | vs |