Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 158

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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7,207)Consumer(46)(17)(84)(78)Construction— (616)— (616)Total charge-offs(60)(15,827)(180)(20,054)Recoveries:Residential real estate— — — 141 Commercial real estate270 1,013 270 1,126 Commercial business86 (34)202 (7)Consumer12 1 58 18 Construction— — — — Total recoveries368 980 530 1,278 Net recoveries (charge-offs)308 (14,847)350 (18,776)(Credit) provision for credit losses - loans420 6,516 627 18,582 Balance at end of period$29,984 $27,752 $29,984 $27,752 Net (recoveries) charge-offs to average loans(0.01)%0.56 %(0.01)%0.70 %ACL-Loans to total loans1.10 %1.06 %1.10 %1.06 %

At September 30, 2025, our ACL-Loans was $30.0 million and represented 1.10% of total gross loans, compared to $29.0 million or 1.07% of total gross loans, at December 31, 2024.

The following table presents the allocation of the ACL-Loans balance and the related allocation percentage of these loans across the total loan portfolio:

September 30, 2025December 31, 2024(Dollars in thousands)ACL-Loans AmountACL-Loans PercentageLoan Segment to Total Loans PercentageACL-Loans AmountACL-Loans PercentageLoan Segment to Total Loans PercentageResidential real estate$58 0.2 %1.3 %$94 0.3 %1.6 %Commercial real estate20,338 67.8 69.8 21,838 75.3 70.2 Construction2,548 8.5 6.3 2,059 7.1 6.4 Commercial business5,772 19.3 20.3 4,070 14.0 19.0 Consumer1,268 4.2 2.3 946 3.3 2.8 Total ACL-Loans$