Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 128

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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 recognized in accumulated other comprehensive income66 168 332 102 Other comprehensive (loss)$(211)$(541)$(1,079)$(481)The above unrealized gains and losses are reflective of market interest rates as of the respective balance sheet dates. Generally, a lower interest rate environment will result in a negative impact to comprehensive income whereas a higher interest rate environment will result in a positive impact to comprehensive income.The following table summarizes the effect of the fair value hedging relationship recognized in the consolidated statements of income for the three and six months ended June 30, 2025 and June 30, 2024:Three Months Ended June 30,Six Months Ended June 30,(In thousands)2025202420252024(Loss) gain on fair value hedging relationship:Hedged asset$(162)$(192)$(20)$(1,860)Fair value derivative designated as hedging instrument202 610 104 1,772 Total gain (loss) recognized in the consolidated statements of income within interest and fees on loans$40 $418 $84 $(88)The following tables summarize gross and net information about derivative instruments that are offset in the Consolidated Balance Sheets at June 30, 2025 and December 31, 2024:June 30, 2025(In thousands)Gross Amounts Not Offset in the Consolidated Balance SheetsGross Amounts of Recognized Assets(1)Gross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet AmountDerivative assets$5,109 $— $5,109 $232 $4,877 $— (1) Includes accrued interest receivable totaling $86 thousand. 

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June 30, 2025(In thousands)Gross Amounts Not Offset in the Consolidated Balance SheetsGross Amounts of Recognized Liabilities(1)Gross Amounts Offset in the Statement of Financial PositionNet Amounts of Liabilities presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral PostedNet AmountDerivative liabilities$3,450 $— $3,450 $232 $— $3,218 (1) Includes accrued interest payable totaling $39 thousand.December 31, 2024(In thousands)Gross Amounts Not Offset in the Consolidated Balance SheetsGross Amounts of Recognized Assets(1)Gross Amount