WSBK WSBK Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
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.