Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 29

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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secured personal loans to high net worth individuals.  

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ACL-LoansThe following tables set forth the activity in the Company’s ACL-Loans for the three and six months ended June 30, 2025 and 2024, by portfolio segment:Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Three Months Ended June 30, 2025Beginning balance$87 $20,562 $2,216 $5,244 $1,376 $29,485 Charge-offs— — — (15)(5)(20)Recoveries— — — 112 10 122 (Credit) provision for credit losses(22)(1,270)688 185 88 (331)Ending balance$65 $19,292 $2,904 $5,526 $1,469 $29,256 Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Three Months Ended June 30, 2024Beginning balance$133 $21,666 $1,543 $4,078 $571 $27,991 Charge-offs(9)(522)— — (12)(543)Recoveries141 113 — — 13 267 (Credit) provision for credit losses(142)1,216 729 6,569 (4)8,368 Ending balance$123 $22,473 $2,272 $10,647 $568 $36,083 

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Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Six Months Ended June 30, 2025Beginning balance$94 $21,838 $2,059 $4,070 $946 $29,007 Charge-offs— (67)— (15)(37)(119)Recoveries— — — 116 46 162 (Credit) provision for credit losses(29)(2,479)845 1,355 514 206 Ending balance$65 $19,292 $2,904 $5,526 $1,469 $29,256 Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Six Months Ended June 30, 2024Beginning balance$149 $20,950 $1,699 $4