Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 31

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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’s business.Consumer: This portfolio segment includes loans to finance insurance premiums secured by the cash surrender value of life insurance and marketable securities, overdraft lines of credit, and unsecured personal loans to high net worth individuals.  

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ACL-LoansThe following tables set forth the activity in the Company’s ACL-Loans for the three and nine months ended September 30, 2025 and 2024, by portfolio segment:Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Three Months Ended September 30, 2025Beginning balance$65 $19,292 $2,904 $5,526 $1,469 $29,256 Charge-offs— — — (14)(46)(60)Recoveries— 270 — 86 12 368 (Credit) provision for credit losses(7)776 (356)174 (167)420 Ending balance$58 $20,338 $2,548 $5,772 $1,268 $29,984 Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Three Months Ended September 30, 2024Beginning balance$123 $22,473 $2,272 $10,647 $568 $36,083 Charge-offs— (8,184)(616)(7,010)(17)(15,827)Recoveries— 1,013 — (34)1 980 (Credit) provision for credit losses(21)6,676 (51)(83)(5)6,516 Ending balance$102 $21,978 $1,605 $3,520 $547 $27,752 

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Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Nine Months Ended September 30, 2025Beginning balance$94 $21,838 $2,059 $4,070 $946 $29,007 Charge-offs— (67)— (29)(83)(179)Recoveries— 270 — 202 58 530 (Credit) provision for credit losses(36)(1,703)489 1,529 347 626 Ending balance$58 $20,338 $2,548 $5,772 $1,268 $29,984 Res