Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 175

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 175
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839 7.92 517,880 32,097 8.14 Consumer72,350 3,125 5.78 41,383 2,163 6.98 Total loans2,670,679 133,931 6.61 2,676,449 129,981 6.38 Federal Home Loan Bank stock5,522 286 6.90 5,670 357 8.43 Total earning assets3,131,509 $148,144 6.24 %3,095,128 $144,390 6.13 %Other assets92,451 92,249 Total assets$3,223,960 $3,187,377 Liabilities and shareholders' equity:Interest bearing liabilities:NOW$102,129 $311 0.41 %$97,970 $133 0.18 %Money market891,823 25,579 3.83 849,860 26,294 4.13 Savings91,313 2,025 2.97 91,135 2,093 3.07 Time1,301,450 42,525 4.37 1,319,031 47,098 4.77 Total interest bearing deposits2,386,715 70,440 3.95 2,357,996 75,618 4.28 Borrowed Money147,519 5,288 4.79 159,288 5,450 4.57 Total interest bearing liabilities2,534,234 $75,728 4.00 %2,517,284 $81,068 4.30 %Noninterest bearing deposits356,705 336,129 Other liabilities51,354 62,631 Total liabilities2,942,293 2,916,044 Shareholders' equity281,667 271,333 Total liabilities and shareholders' equity$3,223,960 $3,187,377 Net interest income(2)$72,416 $63,322 Interest rate spread2.24 %1.83 %Net interest margin(3)3.08 %2.73 %

(1)Average balances and yields for securities are based on amortized cost.

(2)The adjustment for securities and loans taxable