Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 120

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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 2025, the Company purchased 44,550 shares of its Common Stock at a weighted average price of $29.93 per share. 

5. Comprehensive Income

Comprehensive income represents the sum of net income and items of other comprehensive income or loss, including net unrealized gains or losses on securities available for sale and net unrealized gains or losses on derivatives. The Company's derivative instruments are utilized to manage economic risks, including interest rate risk. Changes in fair value of the Company's cash flow swap derivatives are primarily driven by changes in interest rates and recognized in other comprehensive income. The Company’s total comprehensive income or loss for the three and nine months ended September 30, 2025 and September 30, 2024 is reported in the Consolidated Statements of Comprehensive Income.

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The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax for the three and nine months ended September 30, 2025 and September 30, 2024:    Net Unrealized Gain (Loss) on Available for Sale SecuritiesNet Unrealized Gain (Loss) on Interest Rate SwapsTotal(In thousands)Balance at June 30, 2025$(2,412)$1,509 $(903)Other comprehensive income (loss) before reclassifications, net of tax444 (33)411 Amounts reclassified from accumulated other comprehensive (loss) income, net of tax— (78)(78)Net other comprehensive income (loss)444 (111)333 Balance at September 30, 2025$(1,968)$1,398 $(570)Net Unrealized Gain (Loss) on Available for Sale SecuritiesNet Unrealized Gain (Loss) on Interest Rate SwapsTotal(In thousands)Balance at June 30, 2024$(5,622)$3,666 $(1,956)Other comprehensive income (loss) before reclassifications, net of tax2,050 (1,338)712 Amounts reclassified from accumulated other comprehensive (loss) income, net of tax— (516)(516)Net other comprehensive income (loss)2,050 (1,854)196 Balance at September 30, 2024$(3,572)$1,812 $(1,760)Net Unrealized Gain (Loss) on Available for Sale SecuritiesNet Unrealized Gain (Loss) on Interest Rate SwapsTotal(In thousands)Balance at December 31, 2024