Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 69

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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For the Six Months EndedJune 30, 2025June 30, 2024AverageBalanceInterestYield/Rate (4)AverageBalanceInterestYield/Rate (4)Assets:Cash and Fed funds sold$322,498 $6,600 4.13 %$282,981 $7,255 5.16 %Securities(1)150,059 3,011 4.01 136,049 2,199 3.23 Loans:Commercial real estate1,818,282 55,710 6.09 1,911,896 56,295 5.82 Residential real estate39,544 1,230 6.22 49,624 1,490 6.01 Construction187,674 7,320 7.76 160,080 5,844 7.22 Commercial business533,310 21,204 7.91 520,188 21,314 8.10 Consumer76,784 2,139 5.62 41,150 1,442 7.05 Total loans2,655,594 87,603 6.56 2,682,938 86,385 6.37 Federal Home Loan Bank stock4,799 196 8.21 5,678 239 8.49 Total earning assets3,132,950 $97,410 6.18 %3,107,646 $96,078 6.12 %Other assets89,353 93,179 Total assets$3,222,303 $3,200,825 Liabilities and shareholders' equity:Interest bearing liabilities:NOW$103,675 $187 0.36 %$99,493 $88 0.18 %Money market896,084 17,100 3.85 858,670 17,698 4.14 Savings89,800 1,325 2.98 91,979 1,402 3.06 Time1,325,630 29,243 4.45 1,304,332 30,851 4.76 Total interest bearing deposits2,415,189 47,855 4.00 2,354,474 50,039 4.27 Borrow