Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 112

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 112
---
 6,680 6,731 552,490 559,221 Consumer— — — — 68,801 68,801 Total loans$454 $33 $23,684 $24,171 $2,644,811 $2,668,982 December 31, 202430-59 Days Past Due60-89 Days Past Due90 Days or Greater Past DueTotal Past DueCurrentTotal Loans(In thousands)Real estate loans:Residential real estate$130 $226 $652 $1,008 $41,758 $42,766 Commercial real estate359 — 35,585 35,944 1,863,190 1,899,134 Construction— — — — 173,555 173,555 Commercial business4 11 7,143 7,158 507,967 515,125 Consumer— — — — 75,308 75,308 Total loans$493 $237 $43,380 $44,110 $2,661,778 $2,705,888 There were no loans delinquent greater than 90 days and still accruing interest as of June 30, 2025 or  December 31, 2024. 

26

Loans on nonaccrual statusThe following is a summary of nonaccrual loans by portfolio segment as of June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024(In thousands)Residential real estate$617 $791 Commercial real estate16,387 44,814 Commercial business6,871 7,672 Construction— — Consumer— — Total$23,875 $53,277 Interest income on loans that would have been recognized if loans on nonaccrual status had been current in accordance with their original terms for the six months ended June 30, 2025 and 2024 was $1.1 million and $1.2 million, respectively. At June 30, 2025 and December 31, 2024, there were no commitments to lend additional funds to any borrower on nonaccrual status. Nonaccrual loans with no specific reserve totaled $23.9 million and $53.3 million at June 30,