Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 113

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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 2025 and December 31, 2024, respectively, as these loans were deemed to be adequately collateralized.Individually evaluated loansAn individually evaluated loan is generally one for which it is probable, based on current information, that the Company will not collect all the amounts due in accordance with the contractual terms of the loan. Individually evaluated loans are individually evaluated for credit losses. The Company also individually evaluates all insurance premium loans within the Consumer portfolio segment, irrespective of credit risk ratings.

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The following table summarizes individually evaluated loans by portfolio segment as of June 30, 2025 and December 31, 2024. Carrying AmountUnpaid Principal BalanceAssociated ACL-LoansJune 30, 2025December 31, 2024June 30, 2025December 31, 2024June 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 $— $— 

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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