Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 131

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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,342)$(659)$589 Amounts reclassified from accumulated other comprehensive income(103)(1,087)(900)(3,601)Income tax (expense) benefit on items recognized in accumulated other comprehensive income37 575 369 678 Other comprehensive income$(111)$(1,854)$(1,190)$(2,334)The above unrealized gains and losses are reflective of market interest rates as of the respective balance sheet dates. Generally, a lower interest rate environment will result in a negative impact to comprehensive income whereas a higher interest rate environment will result in a positive impact to comprehensive income.The following table summarizes the effect of the fair value hedging relationship recognized in the consolidated statements of income for the three and nine months ended September 30, 2025 and September 30, 2024:Three Months Ended September 30,Nine Months Ended September 30,(In thousands)2025202420252024Gain (loss) on fair value hedging relationship:Hedged asset$9 $2,359 $(11)$499 Fair value derivative designated as hedging instrument34 (1,942)138 747 Total gain (loss) recognized in the consolidated statements of income within interest and fees on loans$43 $417 $127 $1,246 The following tables summarize gross and net information about derivative instruments that are offset in the Consolidated Balance Sheets at September 30, 2025 and December 31, 2024:September 30, 2025(In thousands)Gross Amounts Not Offset in the Consolidated Balance SheetsGross Amounts of Recognized Assets(1)Gross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet AmountDerivative assets$4,765 $— $4,765 $249 $4,304 $212 (1) Includes accrued interest receivable totaling $85 thousand. 

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September 30, 2025(In thousands)Gross Amounts Not Offset in the Consolidated Balance SheetsGross Amounts of Recognized Liabilities(1)Gross Amounts Offset in the Statement of Financial PositionNet Amounts of Liabilities presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral PostedNet AmountDerivative liabilities$3,266 $— $3,266 $249 $— $3,017 (1) Includes accrued interest