Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 101

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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 adopted this ASU in December 2024 and it did not have a material impact on existing disclosures.

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2. Investment Securities

The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at September 30, 2025 were as follows:September 30, 2025Amortized CostGross UnrealizedFair ValueGainsLosses(In thousands)Available for sale securities:U.S. Government and agency obligationsLess than one year$20,083 $4 $(199)$19,888 Due from one through five years47,184 102 (840)46,446 Due from five through ten years18,009 — (862)17,147 Due after ten years1,770 — (114)1,656 Total U.S. Government and agency obligations87,046 106 (2,015)85,137 Corporate bondsDue from one through five years2,000 — (21)1,979 Due from five through ten years10,000 — (643)9,357 Due after ten years— — — — Total corporate bonds12,000 — (664)11,336 Total available for sale securities$99,046 $106 $(2,679)$96,473 Held to maturity securities:State agency and municipal obligationsLess than one year$— $— $— $— Due from five through ten years2,775 87 — 2,862 Due after ten years26,763 1,493 (325)27,931 Government-sponsored mortgage backed securitiesNo contractual maturity— — — — Total held to maturity securities$29,538 $1,580 $(325)$30,793     

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The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at December 31, 2024 were as follows:December 31, 2024Amortized CostGross UnrealizedFair ValueGainsLosses(In thousands)Available for sale securities:U.S. Government and agency obligationsLess than one year$24,920 $66 $(92)$24,894 Due from one through five years47,541 — (2,117)45,424 Due from five through ten years16,038