Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 171

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 171
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310 21,204 7.91 520,188 21,314 8.10 Consumer76,784 2,139 5.62 41,150 1,442 7.05 Total loans2,655,594 87,603 6.56 2,682,938 86,385 6.37 Federal Home Loan Bank stock4,799 196 8.21 5,678 239 8.49 Total earning assets3,132,950 $97,410 6.18 %3,107,646 $96,078 6.12 %Other assets89,353 93,179 Total assets$3,222,303 $3,200,825 Liabilities and shareholders' equity:Interest bearing liabilities:NOW$103,675 $187 0.36 %$99,493 $88 0.18 %Money market896,084 17,100 3.85 858,670 17,698 4.14 Savings89,800 1,325 2.98 91,979 1,402 3.06 Time1,325,630 29,243 4.45 1,304,332 30,851 4.76 Total interest bearing deposits2,415,189 47,855 4.00 2,354,474 50,039 4.27 Borrowed Money136,161 3,269 4.84 159,257 3,555 4.49 Total interest bearing liabilities2,551,350 $51,124 4.04 %2,513,731 $53,594 4.29 %Noninterest bearing deposits343,261 352,768 Other liabilities49,752 62,775 Total liabilities2,944,363 2,929,274 Shareholders' equity277,940 271,551 Total liabilities and shareholders' equity$3,222,303 $3,200,825 Net interest income(2)$46,286 $42,484 Interest rate spread2.14 %1.83 %Net interest margin(3)2.95 %2.73 %

(1)Average balances and yields for securities are based on amortized cost.

(2)The adjustment for