WaFd, Inc. WAFD Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

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$146.35M+40.1%

Timberland BancorpTSBK

$37.39M+55.1%

FS Bancorp, Inc.FSBW

$36.77M-3.9%

Sound Financial BancorpSFBC

$24.06M+5.0%

OceanFirst FinancialOCFC

$503.91M+85.8%

FVCBankcorp, Inc.FVCB

$9.66M+3.1%

FAQ

What is WaFd, Inc.'s bank owned life insurance?

WaFd, Inc. (WAFD) reported bank owned life insurance of $281.13M in Q2 2026.

How has WaFd, Inc.'s bank owned life insurance changed year-over-year?

WaFd, Inc.'s bank owned life insurance increased by 2.9% year-over-year, from $273.22M to $281.13M.

What is the long-term trend for WaFd, Inc.'s bank owned life insurance?

Over 4 years (2021 to 2025), WaFd, Inc.'s bank owned life insurance has grown at a 4.2% compound annual growth rate (CAGR), from $233.26M to $275.16M.

What does bank owned life insurance mean?

The cash surrender value of life insurance policies owned by the bank on the lives of its employees or executives. This asset serves as a tax-advantaged vehicle to offset the costs of employee benefit programs and provide long-term liquidity. It reflects the bank's strategy for managing long-term benefit liabilities and diversifying its non-interest income.