Alerus Financial Corporation ALRS Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Alerus Financial Corporation in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Alerus Financial Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Alerus Financial Corporation's bank owned life insurance?
- Alerus Financial Corporation (ALRS) reported bank owned life insurance of $39.48M in Q1 2026.
- How has Alerus Financial Corporation's bank owned life insurance changed year-over-year?
- Alerus Financial Corporation's bank owned life insurance increased by 8.5% year-over-year, from $36.39M to $39.48M.
- What is the long-term trend for Alerus Financial Corporation's bank owned life insurance?
- Over 5 years (2020 to 2025), Alerus Financial Corporation's bank owned life insurance has grown at a 4.0% compound annual growth rate (CAGR), from $32.36M to $39.31M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies held by the bank on the lives of key employees or executives. It serves as a long-term financial asset that provides tax-advantaged growth and can be used to offset the costs of employee benefit plans. Investors monitor this to understand the bank's non-interest income potential and its strategy for managing long-term benefit liabilities.