Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 30

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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,562 $586 $27,946 Charge-offs(141)(3,828)— (197)(61)(4,227)Recoveries141 113 — 27 17 298 (Credit) provision for credit losses(26)5,238 573 6,255 26 12,066 Ending balance$123 $22,473 $2,272 $10,647 $568 $36,083 We evaluate whether a modification, extension or renewal of a loan is a current period origination in accordance with GAAP. Generally, loans up for renewal are subject to a full credit evaluation before the renewal is granted and such loans are considered current period originations for purpose of the tables below. The following tables present loans by origination and risk designation as of June 30, 2025 and December 31, 2024 (dollars in thousands):

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Term LoansAmortized Cost Balances by Origination Year as of June 30, 202520252024202320222021PriorTotalResidential Real Estate LoansPass$— $— $— $— $— $31,995 $31,995 Special Mention— — — — — 295 295 Substandard— — — — — 2,862 2,862 Doubtful— — — — — — — Total Residential Real Estate Loans$— $— $— $— $— $35,152 $35,152 Residential Real Estate charge-off Current period charge-offs$— $— $— $— $— $— $— Commercial Real Estate LoansPass$150,968 $105,752 $109,288 $571,848 $213,840 $545,609 $1,697,305 Special Mention— 19,936 — 70,437 — 3,851 94,224 Substandard— — — 580 8,688 7,099 16,367 Doubtful— — — — — — — Total Commercial Real Estate Loans$150,968 $125,688 $109,288 $642,865 $222,528 $556,559 $1,