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WSBK WSBK Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

SR Bancorp, Inc. logo
SR Bancorp, Inc.SRBK
$38.12M+0.7%
First Seacoast Bancorp logo
First Seacoast BancorpFSEA
$4.9M+2.2%
ECB Bancorp, Inc. logo
ECB Bancorp, Inc.ECBK
$15.54M+3.2%
Texas Community Bancshares, Inc. logo
Texas Community Bancshares, Inc.TCBS
$6.59M+2.7%
Western New England Bancorp logo
Western New England BancorpWNEB
$77.68M+0.2%
FB Bancorp, Inc. logo
FB Bancorp, Inc.FBLA
——

Other financials

Income statement

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Net income$1.1M+275%
EPS (diluted)$0.13+678%

Balance sheet

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Cash & equivalents$54.0M-19.0%
Total debt$1.5M—
Total equity$119.1M+47.2%
Total assets$1.1B+14.5%

Cash flow

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Operating cash flow$1.4M+59.9%
CapEx$61.0K-20.8%
Free cash flow$1.4M+86.8%

Valuation

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Market cap$118.1M+40.9%
P/E52.2×—

Returns & leverage

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Return on equity2.3%+2.1pp
Debt / equity0×—

Where this comes from

Reported directly by WSBK in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The official record: WSBK’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is WSBK's bank owned life insurance?
WSBK (WSBK) reported bank owned life insurance of $11.28M in Q1 2026.
How has WSBK's bank owned life insurance changed year-over-year?
WSBK's bank owned life insurance increased by 4.3% year-over-year, from $10.81M to $11.28M.
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. It functions as a tax-advantaged asset that helps offset the costs of employee benefit programs. The growth of this asset provides a stable, non-interest income stream over the long term.