Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 38

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 quarterly watchlist and watched asset report process. They are revised to reflect changes in the borrower's financial condition and outlook, debt service coverage capability, repayment performance, collateral value and coverage, as well as other considerations. In addition to internal review at multiple points, outsourced loan review opines on risk ratings with regard to the sample of loans their review covers.The following tables present credit risk ratings by loan segment as of September 30, 2025 and December 31, 2024:Commercial Credit Quality IndicatorsSeptember 30, 2025December 31, 2024Commercial Real EstateConstructionCommercial BusinessTotalCommercial Real EstateConstructionCommercial BusinessTotal(In thousands)Pass$1,816,881 $151,368 $547,294 $2,515,543 $1,767,482 $173,555 $501,432 $2,442,469 Special Mention66,348 19,520 3,478 89,346 86,838 — 6,020 92,858 Substandard14,667 — 1,910 16,577 43,413 — 7,619 51,032 Doubtful— — — — 1,401 — 54 1,455 Loss— — — — — — — — Total loans$1,897,896 $170,888 $552,682 $2,621,466 $1,899,134 $173,555 $515,125 $2,587,814 Residential and Consumer Credit Quality IndicatorsSeptember 30, 2025December 31, 2024Residential Real EstateConsumerTotalResidential Real EstateConsumerTotal(In thousands)Pass$30,559 $63,098 $93,657 $39,359 $75,308 $114,667 Special Mention284 — 284 356 — 356 Substandard2,782 — 2,782 3,051 — 3,051 Doubtful— — — — — — Loss— — — — — — Total loans$33,625 $63,098 $96,723 $42,766 $75,308 $118,074 

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Loan portfolio aging analysisWhen a loan