Company: BWFG
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001505732-25-000126
Chunk: 150

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 150
---
$22,554 $64,398 $201,284 $650,844 Retail97,486 73,044 7,303 15,540 8,399 33,481 3,364 84,506 323,123 Multifamily136,915 30,843 50,031 7,069 — 19,920 — — 244,778 Office 46,680 10,128 2,966 29,304 2,204 — — 58,405 149,687 Industrial / warehouse66,407 19,296 19,399 16,899 2,675 — — 15,135 139,811 Mixed use41,709 19,046 49,386 — — — — — 110,141 Medical office40,495 12,130 1,382 — — 3,900 4,735 18,847 81,489 1-4 family investment11,243 1,580 1,860 2,114 17,031 — — — 33,828 All other(3)19,752 25,661 22,900 — — — — — 68,313 $460,687 $256,267 $213,200 $75,726 $265,605 $79,855 $72,497 $378,177 $1,802,014 

(1) Excludes the positive fair value effect of the portfolio layer swap of $210 thousand for Commercial Real Estate at June 30, 2025.

(2) Primarily consists of skilled nursing and assisted living facilities. 

(3) Includes Special use, self storage, and land.

As of June 30, 2025, the Bank had $149.7 million of loans collateralized by offices, which represented 8.3% of the total loan portfolio. Most of the properties in this portfolio are in suburban locations. 95.2% of this portfolio was pass rated, and there was one relationship totaling $5.5 million on nonaccrual status. As of June 30, 2025, the Bank had $244.8 million of loans collateralized by multifamily properties, which represented 9.2%