Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 75

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 Consumer68,801 75,308 (6,507)Total loans$2,668,982 $2,705,888 $(36,906)

The following table compares the composition of our commercial real estate loan portfolio by non-owner occupied and owner occupied loans at June 30, 2025 and December 31, 2024:

At June 30, 2025At December 31, 2024ChangeTotal%Total%Total(Dollars in thousands)Commercial real estate loans:Non-owner occupied$1,077,313 59.78 %$1,174,712 61.86 %$(97,399)Owner occupied724,701 40.22 724,203 38.14 498 Total commercial real estate loans(1)$1,802,014 100.00 %$1,898,915 100.00 %$(96,901)

(1) Excludes the positive fair value effect of the portfolio layer swap of $210 thousand and the positive fair value effective of the portfolio layer swap of $219 thousand for Commercial Real Estate at June 30, 2025 and December 31, 2024, respectively.

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The following table compares the composition of our commercial real estate loan portfolio by property type, and collateral location as of June 30, 2025:

Commercial Real EstateCTAll Other NYNYCNJFLPAOHAll OtherTotal(1)(Dollars in thousands)Residential care(2)$— $64,539 $57,973 $4,800 $235,296 $22,554 $64,398 $201,284 $650,844 Retail97,486 73,044 7,303 15,540 8,399 33,481 3,364 84,506 323,123 Multifamily136,915 30,843 50,031 7,069 — 19,920 — — 244,778 Office 46,680 10,128 2,966 29,304 2,204 — — 58,405 149,687 Industrial / warehouse66,407 19,296 19,399 16,899 2,675 — — 15,135 139,811 Mixed use41,709 19,046 49