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WSBK WSBK Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

SR Bancorp, Inc. logo
SR Bancorp, Inc.SRBK
$263K+1.5%
First Seacoast Bancorp logo
First Seacoast BancorpFSEA
$20K-4.8%
Texas Community Bancshares, Inc. logo
Texas Community Bancshares, Inc.TCBS
$43K+4.9%
Western New England Bancorp logo
Western New England BancorpWNEB
$476K+0.6%
Home Bancorp logo
Home BancorpHBCP
$285K+2.5%
First Commonwealth Financial logo
First Commonwealth FinancialFCF
$1.8M+19.6%

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 / equity

Where this comes from

Reported directly by WSBK in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.

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 income?
WSBK (WSBK) reported bank owned life insurance income of $117K in Q1 2026.
How has WSBK's bank owned life insurance income changed year-over-year?
WSBK's bank owned life insurance income increased by 1.7% year-over-year, from $115K to $117K.
What does bank owned life insurance income mean?
This reflects the income earned on life insurance policies purchased by the bank on the lives of key employees or officers. The cash surrender value of these policies grows over time, providing a tax-advantaged stream of non-interest income. It is often used as a strategic tool to offset the costs of employee benefit programs.