Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 99

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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,132 Due after ten years6,944 — (812)6,132 Total U.S. Government and agency obligations95,443 66 (3,927)91,582 Corporate bondsDue from five through ten years15,500 — (929)14,571 Due after ten years1,500 — (225)1,275 Total corporate bonds17,000 — (1,154)15,846 Total available for sale securities$112,443 $66 $(5,081)$107,428 Held to maturity securities:State agency and municipal obligationsLess than one year$6,820 $37 $— $6,857 Due from one through five years2,808 — (77)2,731 Due after ten years26,897 1,190 (1,013)27,074 Total state and municipal obligations36,525 1,227 (1,090)36,662 Government-sponsored mortgage backed securitiesNo contractual maturity28 1 — 29 Total held to maturity securities$36,553 $1,228 $(1,090)$36,691 There was one and no sales of investment securities during the six months ended June 30, 2025 or 2024, respectively.At June 30, 2025 and December 31, 2024, none of the Company's securities were pledged as collateral with the Federal Home Loan Bank ("FHLB") or any other institution.As of June 30, 2025 and December 31, 2024, the actual durations of the Company's available for sale securities were significantly shorter than the stated maturities.As of June 30, 2025, the Company held marketable equity securities with a fair value of $2.2 million and an amortized cost of $2.3 million. At December 31, 2024, the Company held marketable equity securities with a fair value of $2.1 million and an amortized cost of $2.3 million. These securities represent an investment in mutual funds that have an objective to make investments for Community Reinvestment Act ("CRA") purposes.

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The following tables provide information regarding available for sale securities and held to maturity securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30,