Bankwell Financial Group BWFG Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Bankwell Financial Group in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Bankwell Financial Group’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Bankwell Financial Group's bank owned life insurance?
- Bankwell Financial Group (BWFG) reported bank owned life insurance of $54.57M in Q1 2026.
- How has Bankwell Financial Group's bank owned life insurance changed year-over-year?
- Bankwell Financial Group's bank owned life insurance increased by 2.7% year-over-year, from $53.14M to $54.57M.
- What is the long-term trend for Bankwell Financial Group's bank owned life insurance?
- Over 5 years (2020 to 2025), Bankwell Financial Group's bank owned life insurance has grown at a 4.9% compound annual growth rate (CAGR), from $42.65M to $54.21M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its key employees or officers. The bank acts as the beneficiary, and the policy serves as a tax-advantaged vehicle to offset the costs of employee benefit programs. It is considered a long-term asset that provides stable, non-interest income and helps manage overall compensation expenses.