Affinity Bancshares, Inc. AFBI Bank Owned Life Insurance
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 us-gaap:BankOwnedLifeInsurance.
The official record: Affinity Bancshares, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Affinity Bancshares, Inc.'s bank owned life insurance?
- Affinity Bancshares, Inc. (AFBI) reported bank owned life insurance of $17.28M in Q1 2026.
- How has Affinity Bancshares, Inc.'s bank owned life insurance changed year-over-year?
- Affinity Bancshares, Inc.'s bank owned life insurance increased by 4.2% year-over-year, from $16.59M to $17.28M.
- What is the long-term trend for Affinity Bancshares, Inc.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Affinity Bancshares, Inc.'s bank owned life insurance has grown at a 2.3% compound annual growth rate (CAGR), from $15.31M to $17.16M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) represents life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. It is used as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies is recorded as an asset on the balance sheet.