Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 183

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 183
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 18.9 21.0 4,070 14.0 19.0 Consumer1,469 5.0 2.6 946 3.3 2.8 Total ACL-Loans$29,256 100.0 %100.0 %$29,007 100.0 %100.0 %

The allocation of the ACL-Loans at June 30, 2025 reflects our assessment of credit risk and probable loss within each portfolio. We believe that the level of the ACL-Loans at June 30, 2025 is appropriate to cover probable losses.

ACL- Unfunded Commitments

The ACL-Unfunded Commitments provision is based on "forward looking" losses inherent with funding the unused portion of legal commitments to lend. The reserve for unfunded credit commitments is included within other liabilities in the accompanying Consolidated Balance Sheets. Changes in the ACL-Unfunded Commitments are reported as a component of the Provision for credit losses in the accompanying Consolidated Statements of Income.

62

Investment Securities

At June 30, 2025, the carrying value of our investment securities portfolio totaled $142.6 million and represented 4.4% of total assets, compared to $146.1 million, or 4.5% of total assets, at December 31, 2024. 

The net unrealized loss position on our investment portfolio at June 30, 2025 was $1.8 million and included gross unrealized gains of $1.8 million. The net unrealized loss position on our investment portfolio at December 31, 2024 was $4.9 million and included gross unrealized gains of $1.3 million.

Deposit Activities and Other Sources of Funds

June 30, 2025December 31, 2024(Dollars in thousands)AmountPercentAmountPercentNoninterest bearing demand$397,195 14.4 %$321,875 11.5 %NOW118,019 4.3 105,090 3.8 Money market875,457 31.7 899,413 32.3 Savings91,612 3.3 90,220 3.2 Time1,276,998 46.3 1,370,972 49.2 Total deposits$2,759,281 100.0 %$2,787,570