Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 169

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 169
---
 Assets, Liabilities and Shareholders’ Equity; Interest Rates and Interest Differential

The following tables present the average balances and yields earned on interest earning assets and average balances and weighted average rates paid on our funding liabilities for the three and six months ended June 30, 2025 and 2024.

For the Quarter EndedJune 30, 2025June 30, 2024AverageBalanceInterestYield/Rate (4)AverageBalanceInterestYield/Rate (4)Assets:Cash and Fed funds sold$296,054 $3,043 4.12 %$273,301 $3,429 5.05 %Securities(1)149,475 1,535 4.11 137,360 1,139 3.32 Loans:Commercial real estate1,788,354 27,427 6.07 1,901,189 27,654 5.75 Residential real estate37,549 597 6.36 49,046 772 6.30 Construction196,373 3,851 7.76 159,184 2,871 7.14 Commercial business558,237 11,195 7.93 523,382 11,028 8.34 Consumer72,137 1,058 5.88 42,335 735 6.98 Total loans2,652,650 44,128 6.58 2,675,136 43,060 6.37 Federal Home Loan Bank stock5,000 86 6.85 5,655 118 8.47 Total earning assets3,103,179 $48,792 6.22 %3,091,452 $47,746 6.11 %Other assets88,967 95,453 Total assets$3,192,146 $3,186,905 Liabilities and shareholders' equity:Interest bearing liabilities:NOW$107,818 $77 0.29 %$107,310 $49 0.18 %Money market898,777 8,579 3.83 833,489 8,552 4.13 Savings91,415 667 2.93 90,987 688 3.04 Time1,273,372 13,760 4.