Company: BWFG
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001505732-25-000089
Chunk: 101

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 101
---
295 $9,051 $33,369 $— $— $49 $74,764 Consumer charge-offCurrent period charge-offs$28 $— $— $56 $— $— $84 Total LoansPass$347,951 $256,271 $957,203 $343,880 $100,985 $552,919 $2,559,209 Special Mention— 19,022 46,740 31,741 — 2,368 99,871 Substandard133 344 27,305 16,177 5,488 4,679 54,126 Doubtful— — — — — 1,453 1,453 Total Loans$348,084 $275,637 $1,031,248 $391,798 $106,473 $561,419 $2,714,659 Total charge-offCurrent period charge-offs$28 $— $7,664 $823 $8,184 $6,317 $23,016 

21

Loans evaluated for impairment and the related ACL-Loans as of March 31, 2025 and December 31, 2024 were as follows:PortfolioACL-Loans(In thousands)March 31, 2025Loans individually evaluated for impairment:Residential real estate$3,056 $— Commercial real estate17,945 — Construction— — Commercial business7,626 — Consumer45,961 — Subtotal74,588 — Loans collectively evaluated for impairment:Residential real estate37,033 87 Commercial real estate1,792,978 20,562 Construction188,339 2,216 Commercial business521,374 5,244 Consumer30,591 1,376 Subtotal2,570,315 29,485 Total$2,644,903 $29,485 PortfolioACL-Loans(In thousands)December 31, 2024Loans individually evaluated for impairment:Residential real estate$3,052 $— Commercial real estate44,814 — Construction— — Commercial business7,672 — Consumer58,363 — Subtotal113,901 — Loans collectively evaluated for impairment