Heritage Financial HFWA Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Heritage Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Heritage Financial’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Heritage Financial's bank owned life insurance?
- Heritage Financial (HFWA) reported bank owned life insurance of $144.87M in Q1 2026.
- How has Heritage Financial's bank owned life insurance changed year-over-year?
- Heritage Financial's bank owned life insurance increased by 28.6% year-over-year, from $112.66M to $144.87M.
- What is the long-term trend for Heritage Financial's bank owned life insurance?
- Over 5 years (2020 to 2025), Heritage Financial's bank owned life insurance has grown at a -0.3% compound annual growth rate (CAGR), from $107.58M to $105.97M.
- What does bank owned life insurance mean?
- The cash surrender value of life insurance policies owned by the bank on the lives of its officers or employees. This asset serves as a tax-advantaged vehicle to offset the costs of employee benefit programs. It represents a stable, long-term asset that provides non-interest income through policy growth.