Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 39

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 39
---
4June 30, 2025December 31, 2024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$2,846 $3,052 $3,145 $3,332 $— $— Commercial real estate16,387 44,814 27,047 55,936 — — Construction— — — — — — Commercial business6,871 7,672 7,947 8,782 — — Consumer37,753 58,363 37,753 58,363 — — Total individually evaluated loans without a valuation allowance63,857 113,901 75,892 126,413 — — Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— $— $— Commercial real estate— — — — — — Construction— — — — — — Commercial business— — — — — — Consumer— — — — — — Total individually evaluated loans with a valuation allowance— — — — — — Total individually evaluated loans$63,857 $113,901 $75,892 $126,413 $— $— 

28

The following tables summarize the average carrying amount of individually evaluated loans and interest income recognized on individually evaluated loans by portfolio segment for the three and six months ended June 30, 2025 and 2024:Average Carrying AmountInterest Income RecognizedThree Months Ended June 30,Three Months Ended June 30,2025202420252024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$2,979 $3,640 $43 $42 Commercial real estate17,371 55,291 84 552 Commercial business7,000 12,423 55 211 Construction— — — — Consumer40,489 26,156 382 400 Total individually evaluated loans without a valuation allowance67,839 97,510 564 1,205 Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— Commercial real estate—