Western New England Bancorp WNEB Bank Owned Life Insurance Income
Bank Owned Life Insurance Income 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:BankOwnedLifeInsuranceIncome.
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 income?
- Western New England Bancorp (WNEB) reported bank owned life insurance income of $476K in Q1 2026.
- How has Western New England Bancorp's bank owned life insurance income changed year-over-year?
- Western New England Bancorp's bank owned life insurance income increased by 0.6% year-over-year, from $473K to $476K.
- What is the long-term trend for Western New England Bancorp's bank owned life insurance income?
- Over 4 years (2021 to 2025), Western New England Bancorp's bank owned life insurance income has grown at a 0.7% compound annual growth rate (CAGR), from $1.91M to $1.96M.
- What does bank owned life insurance income mean?
- Represents the income earned on the cash surrender value of life insurance policies held by the bank on the lives of its employees or executives. This serves as a tax-advantaged investment vehicle used to offset the costs of employee benefit programs.