Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 41

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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30, 2025 and December 31, 2024. Carrying AmountUnpaid Principal BalanceAssociated ACL-LoansSeptember 30, 2025December 31, 2024September 30, 2025December 31, 2024September 30, 2025December 31, 2024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$2,782 $3,052 $3,118 $3,332 $— $— Commercial real estate14,667 44,814 24,223 55,936 — — Construction— — — — — — Commercial business1,910 7,672 2,713 8,782 — — Consumer28,788 58,363 28,788 58,363 — — Total individually evaluated loans without a valuation allowance48,147 113,901 58,842 126,413 — — Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— $— $— Commercial real estate— — — — — — Construction— — — — — — Commercial business— — — — — — Consumer— — — — — — Total individually evaluated loans with a valuation allowance— — — — — — Total individually evaluated loans$48,147 $113,901 $58,842 $126,413 $— $— 

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The following tables summarize the average carrying amount of individually evaluated loans and interest income recognized on individually evaluated loans by portfolio segment for the three and nine months ended September 30, 2025 and 2024:Average Carrying AmountInterest Income RecognizedThree Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$2,805 $3,606 $72 $52 Commercial real estate15,805 52,072 27 287 Commercial business3,057 13,703 168 128 Construction— 9,176 — — Consumer31,755 26,477 353