Company: BWFG
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001505732-25-000089
Chunk: 37

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 insurance premium loans as well as a cash-secured loan to an individual, regardless of credit risk rating.

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The following table summarizes individually evaluated loans by portfolio segment as of March 31, 2025 and December 31, 2024. Carrying AmountUnpaid Principal BalanceAssociated ACL-LoansMarch 31, 2025December 31, 2024March 31, 2025December 31, 2024March 31, 2025December 31, 2024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$3,056 $3,052 $3,391 $3,332 $— $— Commercial real estate17,945 44,814 29,178 55,936 — — Construction— — — — — — Commercial business7,626 7,672 8,755 8,782 — — Consumer45,961 58,363 45,961 58,363 — — Total individually evaluated loans without a valuation allowance74,588 113,901 87,285 126,413 — — Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— $— $— Commercial real estate— — — — — — Construction— — — — — — Commercial business— — — — — — Consumer— — — — — — Total individually evaluated loans with a valuation allowance— — — — — — Total individually evaluated loans$74,588 $113,901 $87,285 $126,413 $— $— 

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The following table summarizes the average carrying amount of individually evaluated loans and interest income recognized on individually evaluated loans by portfolio segment for the three months ended March 31, 2025 and 2024:Average Carrying AmountInterest Income RecognizedThree Months Ended March 31,Three Months Ended March 31,2025202420252024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$3,071 $3,556 $64 $44 Commercial real estate18,161 48,322 48 553 Commercial