Western New England Bancorp WNEB Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Western New England Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Western New England Bancorp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Western New England Bancorp's bank owned life insurance?
- Western New England Bancorp (WNEB) reported bank owned life insurance of $77.68M in Q1 2026.
- How has Western New England Bancorp's bank owned life insurance changed year-over-year?
- Western New England Bancorp's bank owned life insurance increased by 0.2% year-over-year, from $77.53M to $77.68M.
- What is the long-term trend for Western New England Bancorp's bank owned life insurance?
- Over 5 years (2020 to 2025), Western New England Bancorp's bank owned life insurance has grown at a 1.6% compound annual growth rate (CAGR), from $72.86M to $79.02M.
- 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 its key employees or officers. The bank acts as both the owner and beneficiary of these policies, which serve as a tax-advantaged vehicle to offset the costs of employee benefit plans. It is a long-term asset that provides stable, non-interest income through policy growth.