Company: BWFG
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001505732-25-000089
Chunk: 14

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 other liabilities(1,639)940 Net cash provided by operating activities3,925 9,029 Cash flows from investing activitiesProceeds from principal repayments on available for sale securities1,259 1,105 Proceeds from principal repayments on held to maturity securities61 80 Net proceeds from maturities of available for sale securities10,000 — Net proceeds from sales of held to maturity securities28 — Purchases of marketable equity securities(16)(15)Net decrease in loans57,468 30,931 Proceeds from sales of loans not originated for sale4,119 3,119 Purchases of premises and equipment, net(97)(83)Purchases of Federal Home Loan Bank stock2,072 41 Proceeds from the sale of other real estate owned8,195 — Net cash provided by investing activities83,089 35,178 

See accompanying notes to consolidated financial statements (unaudited)

8

Bankwell Financial Group, Inc.

Consolidated Statements of Cash Flows - (unaudited) (Continued)

(In thousands)

Three Months Ended March 31,20252024Cash flows from financing activitiesNet change in time certificates of deposit$(75,326)$(23,622)Net change in other deposits38,201 (39,613)Net change in FHLB advances(50,000)— Dividends paid on common stock(1,573)(1,582)Repurchase of common stock(912)(920)Net cash (used in) financing activities(89,610)(65,737)Net decrease in cash and cash equivalents(2,596)(21,530)Cash and cash equivalents:Beginning of year307,524 269,157 End of period$304,928 $247,627 Supplemental disclosures of cash flows information:Cash paid for:Interest$26,411 $26,691 Income taxes515 426 Noncash investing and financing activities:Net change in unrealized gains or losses on available for sale securities1,197 (218)Net change in unrealized gains or losses on interest rate swaps(1,134)125 Transfer of loans from held-for-investment to held-for-sale3,677 2,797 

See accompanying notes to consolidated financial statements (unaudited)

9

1. Nature of Operations and Summary of Significant Accounting Policies

Bankwell Financial Group, Inc. (