Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 177

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 177
---
1) Excludes the positive fair value effect of the portfolio layer swap of $210 thousand and the positive fair value effective of the portfolio layer swap of $219 thousand for Commercial Real Estate at June 30, 2025 and December 31, 2024, respectively.

58

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

Commercial Real EstateCTAll Other NYNYCNJFLPAOHAll OtherTotal(1)(Dollars in thousands)Residential care(2)$— $64,539 $57,973 $4,800 $235,296 $22,554 $64,398 $201,284 $650,844 Retail97,486 73,044 7,303 15,540 8,399 33,481 3,364 84,506 323,123 Multifamily136,915 30,843 50,031 7,069 — 19,920 — — 244,778 Office 46,680 10,128 2,966 29,304 2,204 — — 58,405 149,687 Industrial / warehouse66,407 19,296 19,399 16,899 2,675 — — 15,135 139,811 Mixed use41,709 19,046 49,386 — — — — — 110,141 Medical office40,495 12,130 1,382 — — 3,900 4,735 18,847 81,489 1-4 family investment11,243 1,580 1,860 2,114 17,031 — — — 33,828 All other(3)19,752 25,661 22,900 — — — — — 68,313 $460,687 $256,267 $213,200 $75,726 $265,605 $79,855 $72,497 $378,177 $1,802,014 

(1) Excludes the positive fair value effect of the portfolio layer swap of $210 thousand for Commercial Real Estate at June 30,