Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 181

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 181
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)Owner occupied774,484 40.81 724,203 38.14 50,281 Total commercial real estate loans(1)$1,897,676 100.00 %$1,898,915 100.00 %$(1,239)

(1) Excludes the positive fair value effect of the portfolio layer swap of $220 thousand and the positive fair value effective of the portfolio layer swap of $219 thousand for Commercial Real Estate at September 30, 2025 and December 31, 2024, respectively.

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The following table compares the composition of our commercial real estate loan portfolio by property type, and collateral location as of September 30, 2025:

Commercial Real EstateCTAll Other NYNYCNJFLOHPAAll OtherTotal(1)(Dollars in thousands)Residential care(2)$— $48,440 $57,779 $4,800 $246,319 $96,273 $22,356 $260,534 $736,501 Retail94,891 72,612 7,269 15,486 8,399 3,344 33,300 90,057 325,358 Multifamily164,085 22,571 49,937 7,046 — — 20,645 — 264,284 Office 41,930 10,080 2,956 29,109 2,189 — — 58,215 144,479 Industrial / warehouse63,964 19,233 18,818 16,827 2,654 — — 10,832 132,328 Mixed use53,083 20,398 45,384 — — — — — 118,865 Medical office32,844 12,065 1,367 — — 4,705 3,900 18,746 73,627 1-4 family investment11,020 1,580 1,847 2,101 16,963 — — — 33,511 All other(3)19,576 26,345 22,802 — — — — — 68,723 $481,393 $233,324 $208,159 $75,