Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 117

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 loans and interest income recognized on individually evaluated loans by portfolio segment for the three and nine months ended September 30, 2025 and 2024:Average Carrying AmountInterest Income RecognizedThree Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$2,805 $3,606 $72 $52 Commercial real estate15,805 52,072 27 287 Commercial business3,057 13,703 168 128 Construction— 9,176 — — Consumer31,755 26,477 353 363 Total individually evaluated loans without a valuation allowance53,422 105,034 620 830 Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— Commercial real estate— — — — Commercial business— 629 — 11 Construction— — — — Consumer— — — — Total individually evaluated loans with a valuation allowance— 629 — 11 Total individually evaluated loans$53,422 $105,663 $620 $841 

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Average Carrying AmountInterest Income RecognizedNine Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$2,952 $3,640 $175 $142 Commercial real estate17,112 54,621 157 1,674 Commercial business6,004 15,280 240 1,615 Construction— 9,313 — — Consumer42,164 26,052 1,128 1,050 Total individually evaluated loans without a valuation allowance68,232 108,906 1,700 4,481 Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— Commercial real estate— — — — Commercial business— 647 — 38 Construction— — — — Consumer— — — — Total individually evaluated loans with a valuation allowance— 647 — 38 Total individually evaluated loans$68,232 $109,553 $1