Northeast Community Bancorp NECB Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Northeast Community Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Northeast Community Bancorp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Northeast Community Bancorp's bank owned life insurance?
- Northeast Community Bancorp (NECB) reported bank owned life insurance of $26.61M in Q1 2026.
- How has Northeast Community Bancorp's bank owned life insurance changed year-over-year?
- Northeast Community Bancorp's bank owned life insurance increased by 2.7% year-over-year, from $25.91M to $26.61M.
- What is the long-term trend for Northeast Community Bancorp's bank owned life insurance?
- Over 5 years (2020 to 2025), Northeast Community Bancorp's bank owned life insurance has grown at a 1.4% compound annual growth rate (CAGR), from $24.69M to $26.43M.
- What does bank owned life insurance mean?
- Represents the cash surrender value of life insurance policies purchased by the bank on the lives of key employees or officers. The bank is the beneficiary of these policies, which provide a tax-advantaged method to offset the costs of employee benefit programs. This asset serves as a long-term financial instrument that contributes to non-interest income through periodic increases in cash value.