Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 145

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 145
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 by the prior year’s average interest rates); changes in rates (changes in average interest rates multiplied by the prior year’s average balances); and the total change. Changes attributable to both volume and rate have been allocated proportionately based on the relationship of the absolute dollar amount of change in each.

Three Months Ended June 30, 2025 vs 2024Increase (Decrease)Six Months EndedJune 30, 2025 vs 2024Increase (Decrease)(In thousands)VolumeRateTotalVolumeRateTotalInterest and dividend income:Cash and Fed funds sold$270 $(656)$(386)$933 $(1,587)$(654)Securities107 289 396 243 569 812 Loans:Commercial real estate(1,688)1,461 (227)(2,822)2,237 (585)Residential real estate(183)8 (175)(312)51 (261)Construction713 267 980 1,058 417 1,475 Commercial business714 (547)167 531 (640)(109)Consumer453 (129)324 1,050 (353)697 Total loans9 1,060 1,069 (495)1,712 1,217 Federal Home Loan Bank stock(13)(21)(34)(36)(8)(44)Total change in interest and dividend income373 672 1,045 645 686 1,331 Interest expense:Deposits:NOW— 28 28 4 95 99 Money market647 (620)27 752 (1,351)(599)Savings3 (24)(21)(33)(44)(77)Time(215)(1,414)(1,629)498 (2,106)(1,608)Total deposits435 (2,030)(1,595)1,221 (3,406)(2,185)Borrowed money(242)89 (153)(545)259 (286)Total change in interest expense193 (1,941)(1,748)676 (3,147)(2,471)Change in net interest income$180 $2,613 $2,793 $(31)$3,833 $3,802 

(Credit) Provision for Credit Losses

The (credit) provision for credit losses is based on management’s periodic