Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 108

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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$32,295 $9,051 $33,369 $— $— $49 $74,764 Special Mention— — — — — — — Substandard— — — — — — — Doubtful— — — — — — — Total Consumer Loans$32,295 $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 

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Loans evaluated for impairment and the related ACL-Loans as of June 30, 2025 and December 31, 2024 were as follows:PortfolioACL-Loans(In thousands)June 30, 2025Loans individually evaluated for impairment:Residential real estate$2,846 $— Commercial real estate16,387 — Construction— — Commercial business6,871 — Consumer37,753 — Subtotal63,857 — Loans collectively evaluated for impairment:Residential real estate32,133 65 Commercial real estate1,785,837 19,292 Construction203,758 2,904 Commercial business552,350 5,526 Consumer31,047 1,469 Subtotal2,605,125 29,256 Total$2,668