Washington Trust Bancorp WASH Bank Owned Life Insurance Income
Bank Owned Life Insurance Income 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:BankOwnedLifeInsuranceIncome.
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 income?
- Washington Trust Bancorp (WASH) reported bank owned life insurance income of $885K in Q1 2026.
- How has Washington Trust Bancorp's bank owned life insurance income changed year-over-year?
- Washington Trust Bancorp's bank owned life insurance income increased by 15.1% year-over-year, from $769K to $885K.
- What is the long-term trend for Washington Trust Bancorp's bank owned life insurance income?
- Over 4 years (2021 to 2025), Washington Trust Bancorp's bank owned life insurance income has grown at a 3.4% compound annual growth rate (CAGR), from $2.93M to $3.35M.
- What does bank owned life insurance income mean?
- Income recognized from the cash surrender value growth or death benefit proceeds of life insurance policies purchased by the bank on the lives of key employees. This serves as a tax-advantaged investment vehicle used to offset the costs of employee benefit programs. It represents a steady, non-interest income stream that supports overall profitability.