For the quarter ending 2025-09-30, BWFG had -$27,104K decrease in cash & cash equivalents over the period. $9,926K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 10,078 | 15,976 |
| Net amortization of premiums and discounts on investment securities | -9 | -67 |
| Provision for credit losses | 372 | 52 |
| (credit) provision for deferred income taxes | 0 | -48 |
| Change in fair value of marketable equity securities | 18 | 36 |
| Depreciation and amortization | 1,037 | 1,977 |
| Amortization of debt issuance costs | 62 | 123 |
| Increase in cash surrender value of bank-owned life insurance | 359 | 696 |
| Gains and fees from sales of loans | 1,372 | 1,522 |
| Stock-based compensation | 657 | 924 |
| Loss on sale of other real estate owned, net | 0 | -103 |
| Change in other real estate owned | -1,144 | 1,284 |
| Deferred tax assets | -554 | - |
| Deferred loan fees | -204 | -63 |
| Accrued interest receivable | 893 | 206 |
| Other assets | 1,003 | 3,997 |
| Accrued expenses and other liabilities | -142 | -1,100 |
| Net cash provided by operating activities | 10,330 | 10,396 |
| Proceeds from principal repayments on available for sale securities | 1,014 | 2,293 |
| Proceeds from principal repayments on held to maturity securities | 58 | 119 |
| Net proceeds from sales and calls of available for sale securities | 7,000 | 13,000 |
| Net proceeds from calls of held to maturity securities | 7,500 | - |
| Purchases of marketable equity securities | 17 | 34 |
| Purchases of available for sale securities | 0 | 10,006 |
| Purchases of held to maturity securities | 643 | 0 |
| Net (increase) decrease in loans | 61,178 | -24,671 |
| Proceeds from sales of loans | 12,426 | 13,938 |
| Purchases of premises and equipment, net | 404 | 475 |
| Reduction of federal home loan bank stock | -101 | -603 |
| Proceeds from the sale of other real estate owned | 140 | 8,195 |
| Net cash provided by investing activities | -34,003 | 52,304 |
| Net change in time certificates of deposit | 5,420 | -94,637 |
| Net change in other deposits | -7,286 | 66,348 |
| Payments on fhlb advances | 125,000 | - |
| Proceeds on fhlb advances | 110,000 | - |
| Dividends paid on common stock | 1,565 | 3,137 |
| Net change in fhlb advances | - | -15,000 |
| Repurchase of common stock | 0 | 1,334 |
| Net cash used in financing activities | -3,431 | -47,760 |
| Net (decrease) increase in cash and cash equivalents | -27,104 | 14,940 |
| Cash and cash equivalents at beginning of period | 307,524 | - |
| Cash and cash equivalents at end of period | 295,360 | - |
Bankwell Financial Group, Inc. (BWFG)
Bankwell Financial Group, Inc. (BWFG)