Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 107

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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752 

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Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Nine Months Ended September 30, 2025Beginning balance$94 $21,838 $2,059 $4,070 $946 $29,007 Charge-offs— (67)— (29)(83)(179)Recoveries— 270 — 202 58 530 (Credit) provision for credit losses(36)(1,703)489 1,529 347 626 Ending balance$58 $20,338 $2,548 $5,772 $1,268 $29,984 Residential Real EstateCommercial Real EstateConstructionCommercial BusinessConsumerTotal(In thousands)Nine Months Ended September 30, 2024Beginning balance$149 $20,950 $1,699 $4,562 $586 $27,946 Charge-offs(141)(12,012)(616)(7,207)(78)(20,054)Recoveries141 1,126 — (7)18 1,278 (Credit) provision for credit losses(47)11,914 522 6,172 21 18,582 Ending balance$102 $21,978 $1,605 $3,520 $547 $27,752 We evaluate whether a modification, extension or renewal of a loan is a current period origination in accordance with GAAP. Generally, loans up for renewal are subject to a full credit evaluation before the renewal is granted and such loans are considered current period originations for purpose of the tables below. The following tables present loans by origination and risk designation as of  September 30, 2025 and December 31, 2024 (dollars in thousands):

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Term LoansAmortized Cost Balances by Origination Year as of September 30, 202520252024202320222021PriorTotalResidential Real Estate LoansPass$— $— $— $— $— $30,700 $30,700 Special Mention— — — — — 288 288 Substandard— — — — — 2,796 2,796 Doubtful— — — — — — — Total Residential Real Estate Loans$— $— $—