| Schedule of Capital Amounts and Ratios |
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 Buffer | | Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | | Actual Capital | | | | (Dollars in thousands) | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | Bankwell Bank | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | | | | Common 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 Assets | 336,061 | | | 12.20 | % | | 234,196 | | | 8.50 | % | | 220,420 | | | 8.00 | % | | Total Capital to Risk-Weighted Assets | 365,917 | | | 13.28 | % | | 289,301 | | | 10.50 | % | | 275,525 | | | 10.00 | % | | Tier I Capital to Average Assets | 336,061 | | | 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 Provisions | | Actual Capital | | | | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | Bankwell Financial Group, Inc. | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | | | | Common Equity Tier 1 Capital to Risk-Weighted Assets | $ | 281,024 | | | 10.18 | % | | $ | 124,256 | | | 4.50 | % | | $ | 179,481 | | | 6.50 | % | | Tier I Capital to Risk-Weighted Assets | 281,024 | | | 10.18 | % | | 165,675 | | | 6.00 | % | | 220,899 | | | 8.00 | % | | Total Capital to Risk-Weighted Assets | 380,454 | | | 13.78 | % | | 220,899 | | | 8.00 | % | | 276,124 | | | 10.00 | % | | Tier I Capital to Average Assets | 281,024 | | | 8.81 | % | | 127,559 | | | 4.00 | % | | 159,449 | | | 5.00 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | | Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | | Actual Capital | | | | (Dollars in thousands) | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | Bankwell Bank | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | Common 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 Assets | 325,296 | | | 11.64 | % | | 237,623 | | | 8.50 | % | | 223,645 | | | 8.00 | % | | Total Capital to Risk-Weighted Assets | 355,058 | | | 12.70 | % | | 296,535 | | | 10.50 | % | | 279,557 | | | 10.00 | % | | Tier I Capital to Average Assets | 325,296 | | | 10.09 | % | | 128,998 | | | 4.00 | % | | 161,248 | | | 5.00 | % | | | | | | Minimum Regulatory Capital Required for Capital Adequacy | | Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | | Actual Capital | | | | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | Bankwell Financial Group, Inc. | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | Common 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 Assets | 268,733 | | | 9.60 | % | | 168,040 | | | 6.00 | % | | 224,053 | | | 8.00 | % | | Total Capital to Risk-Weighted Assets | 367,946 | | | 13.14 | % | | 224,053 | | | 8.00 | % | | 280,066 | | | 10.00 | % | | Tier I Capital to Average Assets | 268,733 | | | 8.34 | % | | 128,943 | | | 4.00 | % | | 161,179 | | | 5.00 | % |
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