Company: BWFG
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001505732-25-000052
Chunk: 121

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 7
Chunk 121
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Total$1,898,915 100.0 %63.9 %

(1) Excludes the positive fair value effect of the portfolio layer swap of $219 thousand for Commercial Real Estate at December 31, 2024.

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

The following table presents an analysis of the maturity of our commercial real estate, commercial construction and commercial business loan portfolios as of December 31, 2024.

December 31, 2024CommercialReal Estate(1)CommercialConstructionCommercialBusiness(1)Total(In thousands)Amounts due:One year or less$797,594 $109,429 $206,116 $1,113,139 After one year:One to five years843,500 36,199 155,473 1,035,172 Over five years257,821 27,927 153,497 439,245 Total due after one year1,101,321 64,126 308,970 1,474,417 Total$1,898,915 $173,555 $515,086 $2,587,556 

(1) Excludes the positive fair value effect of the portfolio layer swap of $219 thousand for Commercial Real Estate and $39 thousand for Commercial Business. 

47

The following table presents an analysis of the interest rate sensitivity of our commercial real estate, commercial construction and commercial business loan portfolios due after one year as of December 31, 2024.

December 31, 2024AdjustableInterest RateFixed InterestRateTotal(In thousands)Commercial real estate$159,463 $941,858 $1,101,321 Commercial construction43,468 20,658 64,126 Commercial business181,819 127,151 308,970 Total loans due after one year$384,750 $1,089,667 $1,474,417 

Asset Quality

We actively manage asset quality through our underwriting practices and collection operations. Our Board of Directors monitors credit risk management. The Directors' Loan Committee ("DLC") has primary oversight responsibility for the credit-granting function including approval authority for credit-granting policies, review of management’s credit-granting activities and approval of large exposure credit requests, as well as loan review and problem loan management and resolution. The committee reports the results of its respective