Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 77

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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,625 $42,766 $(9,141)Commercial1,897,896 1,899,134 (1,238)Construction170,888 173,555 (2,667)2,102,409 2,115,455 (13,046)Commercial business552,682 515,125 37,557 Consumer63,098 75,308 (12,210)Total loans$2,718,189 $2,705,888 $12,301 

The following table compares the composition of our commercial real estate loan portfolio by non-owner occupied and owner occupied loans at September 30, 2025 and December 31, 2024:

At September 30, 2025At December 31, 2024ChangeTotal%Total%Total(Dollars in thousands)Commercial real estate loans:Non-owner occupied$1,123,192 59.19 %$1,174,712 61.86 %$(51,520)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