Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 173

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 173
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 Liabilities and Shareholders’ Equity; Interest Rates and Interest Differential

The following tables present the average balances and yields earned on interest earning assets and average balances and weighted average rates paid on our funding liabilities for the three and nine months ended September 30, 2025 and 2024.

For the Quarter EndedSeptember 30, 2025September 30, 2024AverageBalanceInterestYield/Rate (4)AverageBalanceInterestYield/Rate (4)Assets:Cash and Fed funds sold$278,698 $2,853 4.06 %$253,664 $3,205 5.03 %Securities(1)142,677 1,463 4.10 147,431 1,390 3.78 Loans:Commercial real estate1,856,645 29,662 6.25 1,905,506 28,288 5.81 Residential real estate34,518 510 5.91 47,481 736 6.20 Construction173,380 3,536 7.98 156,273 3,070 7.69 Commercial business572,187 11,634 7.96 512,507 10,783 8.23 Consumer63,627 986 6.15 41,845 719 6.84 Total loans2,700,357 46,328 6.71 2,663,612 43,596 6.40 Federal Home Loan Bank stock6,942 89 5.11 5,655 122 8.32 Total earning assets3,128,674 $50,733 6.34 %3,070,362 $48,313 6.16 %Other assets98,547 90,410 Total assets$3,227,221 $3,160,772 Liabilities and shareholders' equity:Interest bearing liabilities:NOW$99,087 $124 0.50 %$94,958 $44 0.18 %Money market883,440 8,479 3.81 832,430 8,597 4.11 Savings94,290 700 2.95 89,463 692 3.07 Time1,253,878 13,282 4.20 1,