Company: BWFG
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001505732-25-000052
Chunk: 98

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 7
Chunk 98
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06 %Nonperforming assets to total assets(d)1.88 %1.53 %0.51 %0.68 %1.48 %ACL-Loans to nonperforming loans54.45 %56.79 %136.43 %101.90 %62.87 %ACL-Loans to total loans(c)1.07 %1.03 %0.84 %0.89 %1.29 %Net charge-offs (recoveries) to average loans(b)(g)0.81 %0.03 %— %0.23 %0.01 %Statements of Financial Condition:Total assets$3,268,476 $3,215,482 $3,252,449 $2,456,264 $2,253,747 Gross portfolio loans(c)2,705,888 2,718,607 2,675,448 1,894,881 1,625,627 Investment securities146,099 127,623 121,634 108,409 106,890 Deposits2,787,570 2,736,757 2,800,818 2,123,998 1,827,316 FHLB borrowings90,000 90,000 90,000 50,000 175,000 Subordinated debt69,451 69,205 68,959 34,441 25,258 Total equity270,520 265,752 238,469 201,987 176,602 Capital Ratios:Tier 1 capital to average assetsBankwell Bank10.09 %9.81 %9.88 %9.94 %8.44 %Tier 1 capital to risk-weighted assetsBankwell Bank11.64 %11.30 %10.28 %11.18 %11.06 %Total capital to risk-weighted assetsBankwell Bank12.70 %12.32 %11.07 %12.00 %12.28 %Total shareholders’ equity to total assets8.28 %8.26 %7.33 %8.22 %7.84 %Tangible common equity ratio(b)8.20 %8.19 %7.26 %8