Northeast Community Bancorp NECB Bank Owned Life Insurance Income
Bank Owned Life Insurance Income 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:BankOwnedLifeInsuranceIncome.
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 income?
- Northeast Community Bancorp (NECB) reported bank owned life insurance income of $179K in Q1 2026.
- How has Northeast Community Bancorp's bank owned life insurance income changed year-over-year?
- Northeast Community Bancorp's bank owned life insurance income increased by 7.2% year-over-year, from $167K to $179K.
- What is the long-term trend for Northeast Community Bancorp's bank owned life insurance income?
- Over 4 years (2021 to 2025), Northeast Community Bancorp's bank owned life insurance income has grown at a 3.7% compound annual growth rate (CAGR), from $600K to $695K.
- What does bank owned life insurance income mean?
- This represents the income generated from the cash surrender value growth or death benefits associated with bank-owned life insurance policies. These policies are often used by financial institutions as a tax-advantaged vehicle to offset the costs of employee benefit programs. It serves as a stable, non-interest income stream for the institution.