Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 115

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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Construction— — — — 170,888 170,888 Commercial business253 4,005 1,686 5,944 546,738 552,682 Consumer— 10 — 10 63,088 63,098 Total loans$374 $4,015 $16,353 $20,742 $2,697,447 $2,718,189 December 31, 202430-59 Days Past Due60-89 Days Past Due90 Days or Greater Past DueTotal Past DueCurrentTotal Loans(In thousands)Real estate loans:Residential real estate$130 $226 $652 $1,008 $41,758 $42,766 Commercial real estate359 — 35,585 35,944 1,863,190 1,899,134 Construction— — — — 173,555 173,555 Commercial business4 11 7,143 7,158 507,967 515,125 Consumer— — — — 75,308 75,308 Total loans$493 $237 $43,380 $44,110 $2,661,778 $2,705,888 There were no loans delinquent greater than 90 days and still accruing interest as of September 30, 2025 or  December 31, 2024. 

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Loans on nonaccrual statusThe following is a summary of nonaccrual loans by portfolio segment as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024(In thousands)Residential real estate$570 $791 Commercial real estate14,667 44,814 Commercial business1,729 7,672 Construction— — Consumer— — Total$16,966 $53,277 Interest income on loans that would have been recognized if loans on nonaccrual status had been current in accordance with their original terms for the nine months ended September 30, 2025 and 2024 was $1.3 million and $3.0 million, respectively. At September 30, 2025 and December 31, 2024, there were no commitments to lend additional funds to any borrower on nonaccrual status.