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Income Statement
Bankwell Financial Group, Inc. (BWFG)
source: myfinsight.com
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Interest on cash and cashequivalents$3,043K (-11.26%↓ Y/Y)Interest and dividends onsecurities$1,478K (24.20%↑ Y/Y)Interest and fees on loans$44,128K (2.48%↑ Y/Y)Total interest anddividend income$48,649K (2.03%↑ Y/Y)Net interest income$23,936K (12.80%↑ Y/Y)(credit) provision forcredit losses-$411K (-105.02%↓ Y/Y)Bank-owned life insurance$352K (5.71%↑ Y/Y)Gains and fees fromsales of loans$1,080K (2300.00%↑ Y/Y)Service charges and fees$674K (36.16%↑ Y/Y)Total interestexpense$24,713K (-6.60%↓ Y/Y)Net interest incomeafter (credit)...$24,347K (86.77%↑ Y/Y)Total noninterestincome$2,012K (194.58%↑ Y/Y)Other-$94K (50.53%↑ Y/Y)Interest expense onborrowings$1,630K (-8.58%↓ Y/Y)Interest expense ondeposits$23,083K (-6.46%↓ Y/Y)Income before incometax expense$11,813K (701.42%↑ Y/Y)Total noninterestexpense$14,546K (18.79%↑ Y/Y)Net income$9,088K (712.88%↑ Y/Y)Income tax expense$2,725K (665.45%↑ Y/Y)Fdic insurance$684K (-2.98%↓ Y/Y)Data processing$712K (-5.70%↓ Y/Y)Salaries and employeebenefits$7,521K (21.78%↑ Y/Y)Marketing$218K (142.22%↑ Y/Y)Director fees$333K (8.82%↑ Y/Y)Occupancy and equipment$2,505K (11.93%↑ Y/Y)Other$941K (-4.56%↓ Y/Y)Professional services$1,632K (65.02%↑ Y/Y)