Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 116

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 Nonaccrual loans with no specific reserve totaled $17.0 million and $53.3 million at September 30, 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 September 30, 2025 and December 31, 2024. Carrying AmountUnpaid Principal BalanceAssociated ACL-LoansSeptember 30, 2025December 31, 2024September 30, 2025December 31, 2024September 30, 2025December 31, 2024(In thousands)Individually evaluated loans without a valuation allowance:Residential real estate$2,782 $3,052 $3,118 $3,332 $— $— Commercial real estate14,667 44,814 24,223 55,936 — — Construction— — — — — — Commercial business1,910 7,672 2,713 8,782 — — Consumer28,788 58,363 28,788 58,363 — — Total individually evaluated loans without a valuation allowance48,147 113,901 58,842 126,413 — — Individually evaluated loans with a valuation allowance:Residential real estate$— $— $— $— $— $— Commercial real estate— — — — — — Construction— — — — — — Commercial business— — — — — — Consumer— — — — — — Total individually evaluated loans with a valuation allowance— — — — — — Total individually evaluated loans$48,147 $113,901 $58,842 $126,413 $— $— 

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The following tables summarize the average carrying amount of individually evaluated