For the quarter ending 2026-03-31, BWFG had -$7,020K decrease in cash & cash equivalents over the period. $7,254K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 11,275 | 9,144 | 10,078 | 15,976 |
| Net amortization of premiums and discounts on investment securities | -54 | 14 | -9 | -67 |
| (credit) provision for credit losses | -1,029 | 616 | 372 | 52 |
| Loss on sale of other real estate owned, net | - | - | 0 | -103 |
| Credit for deferred income taxes | 0 | -1,357 | 0 | -48 |
| Change in fair value of marketable equity securities | -25 | 7 | 18 | 36 |
| Depreciation and amortization | 1,105 | 1,070 | 1,037 | 1,977 |
| Amortization of debt issuance costs | 62 | 61 | 62 | 123 |
| Increase in cash surrender value of bank-owned life insurance | 358 | 361 | 359 | 696 |
| Gains and fees from sales of loans | 2,425 | 2,184 | 1,372 | 1,522 |
| Stock-based compensation | 1,092 | 763 | 657 | 924 |
| Loss on sale of other real estate owned | - | -31 | - | - |
| Change in other real estate owned | - | - | -1,144 | 1,284 |
| Changes in other real estate owned, net | 0 | 140 | - | - |
| Deferred tax assets | - | 1,081 | -554 | - |
| Deferred loan fees | 566 | -737 | -204 | -63 |
| Accrued interest receivable | -114 | 509 | 893 | 206 |
| Other assets | -441 | -637 | 1,003 | 3,997 |
| Accrued expenses and other liabilities | -2,066 | 104 | -142 | -1,100 |
| Net cash provided by operating activities | 7,724 | 7,547 | 10,330 | 10,396 |
| Proceeds from principal repayments on available for sale securities | 1,025 | 1,040 | 1,014 | 2,293 |
| Proceeds from principal repayments on held to maturity securities | 83 | 71 | 58 | 119 |
| Net proceeds from maturities of available for sale securities | 3,000 | 11,000 | 7,000 | 13,000 |
| Purchases of held to maturity securities | - | 0 | 643 | 0 |
| Net proceeds from sales of held to maturity securities | 0 | 0 | 7,500 | - |
| Purchases of available for sale securities | - | 75,708 | 0 | 10,006 |
| Purchases of marketable equity securities | 32 | 18 | 17 | 34 |
| Net (increase) decrease in loans | 45,848 | 142,260 | 61,178 | -24,671 |
| Proceeds from sales of loans not originated for sale | 21,461 | 22,553 | 12,426 | 13,938 |
| Purchases of premises and equipment, net | 470 | 265 | 404 | 475 |
| Reduction of federal home loan bank stock | -2,000 | 1,256 | -101 | -603 |
| Proceeds from the sale of other real estate owned | 0 | 1,356 | 140 | 8,195 |
| Net cash (used in) provided by investing activities | -18,781 | -183,487 | -34,003 | 52,304 |
| Net change in time certificates of deposit | -73,092 | -52,281 | 5,420 | -94,637 |
| Net change in other deposits | 128,860 | 124,347 | -7,286 | 66,348 |
| Payments on fhlb advances | 95,000 | 45,000 | 125,000 | - |
| Proceeds on fhlb advances | 45,000 | 80,000 | 110,000 | - |
| Dividends paid on common stock | 1,581 | 1,565 | 1,565 | 3,137 |
| Net change in fhlb advances | - | - | - | -15,000 |
| Repurchase of common stock | 150 | 0 | 0 | 1,334 |
| Net cash (used in) financing activities | 4,037 | 105,501 | -3,431 | -47,760 |
| Net decrease in cash and cash equivalents | -7,020 | -70,439 | -27,104 | 14,940 |
| Beginning of year | 224,921 | 12,164 | 307,524 | - |
| End of period | 217,901 | -70,439 | 295,360 | - |
Bankwell Financial Group, Inc. (BWFG)
Bankwell Financial Group, Inc. (BWFG)