Heritage Financial HFWA Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by Heritage Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
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 income?
- Heritage Financial (HFWA) reported bank owned life insurance income of $1.12M in Q1 2026.
- How has Heritage Financial's bank owned life insurance income changed year-over-year?
- Heritage Financial's bank owned life insurance income increased by 21.9% year-over-year, from $918K to $1.12M.
- What is the long-term trend for Heritage Financial's bank owned life insurance income?
- Over 4 years (2021 to 2025), Heritage Financial's bank owned life insurance income has grown at a 14.8% compound annual growth rate (CAGR), from $2.52M to $4.38M.
- What does bank owned life insurance income mean?
- Captures the earnings or increases in the cash surrender value of life insurance policies held by the bank on the lives of key employees or executives. This income is generally tax-advantaged and serves as a stable, non-interest income stream for the institution. It reflects the bank's strategy for offsetting the costs of employee benefit plans through long-term financial instruments.