Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 71

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 using the contractual day count convention for each respective product type.

54

For the Nine Months EndedSeptember 30, 2025September 30, 2024AverageBalanceInterestYield/Rate (4)AverageBalanceInterestYield/Rate (4)Assets:Cash and Fed funds sold$307,737 $9,453 4.11 %$273,138 $10,460 5.12 %Securities(1)147,571 4,474 4.04 139,871 3,592 3.42 Loans:Commercial real estate1,830,934 85,371 6.15 1,909,390 84,582 5.82 Residential real estate37,838 1,740 6.13 48,912 2,226 6.07 Construction182,857 10,856 7.83 158,884 8,913 7.37 Commercial business546,700 32,839 7.92 517,880 32,097 8.14 Consumer72,350 3,125 5.78 41,383 2,163 6.98 Total loans2,670,679 133,931 6.61 2,676,449 129,981 6.38 Federal Home Loan Bank stock5,522 286 6.90 5,670 357 8.43 Total earning assets3,131,509 $148,144 6.24 %3,095,128 $144,390 6.13 %Other assets92,451 92,249 Total assets$3,223,960 $3,187,377 Liabilities and shareholders' equity:Interest bearing liabilities:NOW$102,129 $311 0.41 %$97,970 $133 0.18 %Money market891,823 25,579 3.83 849,860 26,294 4.13 Savings91,313 2,025 2.97 91,135 2,093 3.07 Time1,301,450 42,525 4.37 1,319,031 47,098 4.77 Total interest bearing deposits2,386,715 70,440 3.95 2,