Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 36

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 36
---
$— $— $56 $— $— $84 Total LoansPass$347,951 $256,271 $957,203 $343,880 $100,985 $552,919 $2,559,209 Special Mention— 19,022 46,740 31,741 — 2,368 99,871 Substandard133 344 27,305 16,177 5,488 4,679 54,126 Doubtful— — — — — 1,453 1,453 Total Loans$348,084 $275,637 $1,031,248 $391,798 $106,473 $561,419 $2,714,659 Total charge-offCurrent period charge-offs$28 $— $7,664 $823 $8,184 $6,317 $23,016 

23

Loans evaluated for impairment and the related ACL-Loans as of September 30, 2025 and December 31, 2024 were as follows:PortfolioACL-Loans(In thousands)September 30, 2025Loans individually evaluated for impairment:Residential real estate$2,782 $— Commercial real estate14,667 — Construction— — Commercial business1,910 — Consumer28,788 — Subtotal48,147 — Loans collectively evaluated for impairment:Residential real estate30,843 58 Commercial real estate1,883,229 20,338 Construction170,888 2,548 Commercial business550,772 5,772 Consumer34,310 1,268 Subtotal2,670,042 29,984 Total$2,718,189 $29,984 PortfolioACL-Loans(In thousands)December 31, 2024Loans individually evaluated for impairment:Residential real estate$3,052 $— Commercial real estate44,814 — Construction— — Commercial business7,672 — Consumer58,363 — Subtotal113,901 — Loans collectively evaluated for impairment:Residential real estate39,714 94 Commercial real estate1,854,320 21,838 Construction173,555 2,059 Commercial business507