Affinity Bancshares, Inc. AFBI Purchase Of Bank Owned Life Insurance
Purchase Of Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Affinity Bancshares, Inc. in its filing.
Tagged under the XBRL concept afbi:PurchaseOfBankOwnedLifeInsurance.
The official record: Affinity Bancshares, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
Ask your AI about Affinity Bancshares, Inc.'s purchase of bank owned life insurance.
Connect your AI assistant and compare it to peers, right in your chat.
Connect your AI
Claude
Questions, answered.
- What is Affinity Bancshares, Inc.'s purchase of bank owned life insurance?
- Affinity Bancshares, Inc. (AFBI) reported purchase of bank owned life insurance of $287K in Q1 2026.
- How has Affinity Bancshares, Inc.'s purchase of bank owned life insurance changed year-over-year?
- Affinity Bancshares, Inc.'s purchase of bank owned life insurance increased by 300.0% year-over-year, from $71.75K to $287K.
- What does purchase of bank owned life insurance mean?
- This represents the cash outflow associated with acquiring or increasing the cash surrender value of life insurance policies on key personnel. It is a capital allocation decision used to offset future benefit costs or as a tax-advantaged investment vehicle.