Company: BWFG
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001505732-25-000089
Chunk: 93

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 available for sale securities were significantly shorter than the stated maturities.As of March 31, 2025, the Company held marketable equity securities with a fair value of $2.2 million and an amortized cost of $2.3 million. At December 31, 2024, the Company held marketable equity securities with a fair value of $2.1 million and an amortized cost of $2.3 million. These securities represent an investment in mutual funds that have an objective to make investments for Community Reinvestment Act ("CRA") purposes.

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The following tables provide information regarding available for sale securities and held to maturity securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2025 and December 31, 2024: Length of Time in Continuous Unrealized Loss PositionLess Than 12 Months12 Months or MoreTotalFair ValueUnrealizedLossPercentDecline fromAmortized CostFair ValueUnrealizedLossPercentDecline fromAmortized CostFair ValueUnrealizedLossPercentDecline fromAmortized Cost(Dollars in thousands)March 31, 2025U.S. Government and agency obligations$— $— — %$61,214 $(2,968)4.62 %$61,214 $(2,968)4.62 %Corporate bonds— — — 16,082 (918)5.40 16,082 (918)5.40 State agency and municipal obligations5,882 (223)3.66 3,830 (789)17.08 9,712 (1,012)9.44 Total investment securities$5,882 $(223)3.66 %$81,126 $(4,675)5.45 %$87,008 $(4,898)5.33 %Length of Time in Continuous Unrealized Loss PositionLess Than 12 Months12 Months or MoreTotalFair ValueUnrealizedLossPercentDecline fromAmortized CostFair ValueUnrealizedLossPercentDecline fromAmortized CostFair ValueUnrealizedLossPercentDecline fromAmortized Cost(Dollars in thousands)December 31, 2024U.S. Government and agency obligations$— $— — %$81,579 $(3,927)4