Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 153

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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 EstateCTAll Other NYNYCNJFLOHPAAll OtherTotal(1)(Dollars in thousands)Residential care(2)$— $48,440 $57,779 $4,800 $246,319 $96,273 $22,356 $260,534 $736,501 Retail94,891 72,612 7,269 15,486 8,399 3,344 33,300 90,057 325,358 Multifamily164,085 22,571 49,937 7,046 — — 20,645 — 264,284 Office 41,930 10,080 2,956 29,109 2,189 — — 58,215 144,479 Industrial / warehouse63,964 19,233 18,818 16,827 2,654 — — 10,832 132,328 Mixed use53,083 20,398 45,384 — — — — — 118,865 Medical office32,844 12,065 1,367 — — 4,705 3,900 18,746 73,627 1-4 family investment11,020 1,580 1,847 2,101 16,963 — — — 33,511 All other(3)19,576 26,345 22,802 — — — — — 68,723 $481,393 $233,324 $208,159 $75,369 $276,524 $104,322 $80,201 $438,384 $1,897,676 

(1) Excludes the positive fair value effect of the portfolio layer swap of $220 thousand for Commercial Real Estate at September 30, 2025.

(2) Primarily consists of skilled nursing and assisted living facilities. 

(3) Includes Special use, self storage, and land.

As of September 30, 2025, the Bank had $144.5 million of loans collateralized by offices, which represented 7.6% of the total loan portfolio. Most of the properties in this portfolio are in suburban locations. 95.1% of this portfolio was pass rated,