Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 114

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 and 2024:Average Carrying AmountInterest Income RecognizedThree Months Ended June 30,Three Months Ended June 30,2025202420252024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$2,979 $3,640 $43 $42 Commercial real estate17,371 55,291 84 552 Commercial business7,000 12,423 55 211 Construction— — — — Consumer40,489 26,156 382 400 Total individually evaluated loans without a valuation allowance67,839 97,510 564 1,205 Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— Commercial real estate— — — — Commercial business— 8,516 — 878 Construction— 9,382 — — Consumer— — — — Total individually evaluated loans with a valuation allowance— 17,898 — 878 Total individually evaluated loans$67,839 $115,408 $564 $2,083 

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Average Carrying AmountInterest Income RecognizedSix Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$3,025 $3,656 $103 $85 Commercial real estate17,766 57,247 129 1,094 Commercial business7,322 12,745 70 618 Construction— — — — Consumer47,369 25,840 775 736 Total individually evaluated loans without a valuation allowance75,482 99,488 1,077 2,533 Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— Commercial real estate— — — — Commercial business— 8,607 — 1,039 Construction— 9,382 — — Consumer— — — — Total individually evaluated loans with a valuation allowance— 17,989 — 1,039 Total individually evaluated loans$75,482 $117,477 $1,077 $3,572 Loan ModificationsA loan will be considered modified