Company: BWFG
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001505732-25-000052
Chunk: 128

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 7
Chunk 128
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 %0.03 %ACL-Loans to total loans1.07 %1.03 %

At December 31, 2024, our ACL-Loans was $29.0 million and represented 1.07% of total loans, compared to $27.9 million, or 1.03% of total loans at December 31, 2023. 

The carrying amount of total individually evaluated loans at December 31, 2024 was $113.9 million. This compares to a carrying amount of $105.0 million for total individually evaluated loans at December 31, 2023. 

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The following table presents the allocation of the ACL-Loans, the ACL-Loans percentage, and the related loan segments to total loans percentage:

At December 31,20242023ACL-Loans AmountACL-Loans PercentageLoan Segment to Total Loans PercentageACL-Loans AmountACL-Loans PercentageLoan Segment to Total Loans Percentage(Dollars in thousands)Residential real estate$94 0.32 %1.58 %$149 0.53 %1.87 %Commercial real estate21,838 75.29 70.19 20,950 74.97 71.64 Construction2,059 7.10 6.41 1,699 6.08 6.75 Commercial business4,070 14.03 19.04 4,562 16.32 18.41 Consumer946 3.26 2.78 586 2.10 1.33 Total $29,007 100.00 %100.00 %$27,946 100.00 %100.00 %

The allocation of the ACL-Loans at December 31, 2024 reflects our assessment of credit risk and probable loss within each portfolio. We believe that the level of the ACL-Loans at December 31, 2024 is appropriate to cover probable losses.

Investment Securities

We manage our investment securities portfolio to provide a readily available source of liquidity for balance sheet management, to generate interest income and to implement interest rate risk management strategies. Investments are designated as either marketable equity, available for sale, held to maturity or trading securities at the time of purchase. We do not currently maintain a portfolio of trading securities. Investment securities available for sale may be sold in response to changes in market