| Schedule of Capital Amounts and Ratios |
The capital amounts and ratios for the Bank and the Company at March 31, 2026 and December 31, 2025 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 | | | | | | | | | | | | | March 31, 2026 | | | | | | | | | | | | | Common Equity Tier 1 Capital to Risk-Weighted Assets | $ | 347,622 | | | 11.97 | % | | $ | 203,353 | | | 7.00 | % | | $ | 188,828 | | | 6.50 | % | | Tier I Capital to Risk-Weighted Assets | 347,622 | | | 11.97 | % | | 246,928 | | | 8.50 | % | | 232,403 | | | 8.00 | % | | Total Capital to Risk-Weighted Assets | 377,617 | | | 13.00 | % | | 305,029 | | | 10.50 | % | | 290,504 | | | 10.00 | % | | Tier I Capital to Average Assets | 347,622 | | | 10.32 | % | | 134,761 | | | 4.00 | % | | 168,451 | | | 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. | | | | | | | | | | | | | March 31, 2026 | | | | | | | | | | | | | Common Equity Tier 1 Capital to Risk-Weighted Assets | $ | 308,447 | | | 10.59 | % | | $ | 131,086 | | | 4.50 | % | | $ | 189,346 | | | 6.50 | % | | Tier I Capital to Risk-Weighted Assets | 308,447 | | | 10.59 | % | | 174,781 | | | 6.00 | % | | 233,041 | | | 8.00 | % | | Total Capital to Risk-Weighted Assets | 408,201 | | | 14.01 | % | | 233,041 | | | 8.00 | % | | 291,302 | | | 10.00 | % | | Tier I Capital to Average Assets | 308,447 | | | 9.13 | % | | 135,101 | | | 4.00 | % | | 168,876 | | | 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, 2025 | | | | | | | | | | | | | Common Equity Tier 1 Capital to Risk-Weighted Assets | $ | 344,979 | | | 11.87 | % | | $ | 203,425 | | | 7.00 | % | | $ | 188,895 | | | 6.50 | % | | Tier I Capital to Risk-Weighted Assets | 344,979 | | | 11.87 | % | | 247,017 | | | 8.50 | % | | 232,486 | | | 8.00 | % | | Total Capital to Risk-Weighted Assets | 376,171 | | | 12.94 | % | | 305,138 | | | 10.50 | % | | 290,608 | | | 10.00 | % | | Tier I Capital to Average Assets | 344,979 | | | 10.56 | % | | 130,725 | | | 4.00 | % | | 163,406 | | | 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, 2025 | | | | | | | | | | | | | Common Equity Tier 1 Capital to Risk-Weighted Assets | $ | 298,121 | | | 10.23 | % | | $ | 131,112 | | | 4.50 | % | | $ | 189,385 | | | 6.50 | % | | Tier I Capital to Risk-Weighted Assets | 298,121 | | | 10.23 | % | | 174,816 | | | 6.00 | % | | 233,089 | | | 8.00 | % | | Total Capital to Risk-Weighted Assets | 399,010 | | | 13.69 | % | | 233,089 | | | 8.00 | % | | 291,361 | | | 10.00 | % | | Tier I Capital to Average Assets | 298,121 | | | 9.11 | % | | 130,961 | | | 4.00 | % | | 163,701 | | | 5.00 | % |
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