Washington Trust Bancorp WASH Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Washington Trust Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Washington Trust Bancorp’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Washington Trust Bancorp's bank owned life insurance?
- Washington Trust Bancorp (WASH) reported bank owned life insurance of $116.01M in Q1 2026.
- How has Washington Trust Bancorp's bank owned life insurance changed year-over-year?
- Washington Trust Bancorp's bank owned life insurance increased by 7.9% year-over-year, from $107.55M to $116.01M.
- What is the long-term trend for Washington Trust Bancorp's bank owned life insurance?
- Over 5 years (2020 to 2025), Washington Trust Bancorp's bank owned life insurance has grown at a 6.5% compound annual growth rate (CAGR), from $84.19M to $115.13M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies purchased by the bank on the lives of key employees or executives. The bank acts as the beneficiary, using these policies as a tax-advantaged vehicle to offset the costs of employee benefit programs. It serves as a stable, long-term asset that provides supplemental income through tax-free death benefits and cash value growth.