---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-25-000010"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T03:57:43.844010+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bankwell sells $35.4M of nonperforming assets, recovering full value in two transactions

## Summary
- Sold OREO property for $8.3M, net proceeds equal to acquisition cost; property secured non-performing construction loan.
- Sold $27.1M multifamily commercial real estate loan; received full principal plus all past due interest and late fees.
- Combined $35.4M disposed assets represent 108 bps of total assets; NPAs were 1.88% at Dec 31, 2024.

## SEC filing metadata
- accession: 0001505732-25-000010
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573225000010/0001505732-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573225000010/bwfg-20250203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-25-000010
- JSON: https://secwatch.observer/filing/0001505732-25-000010.json
- Plain text: https://secwatch.observer/filing/0001505732-25-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.