AmeriServ Financial ASRV Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by AmeriServ Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: AmeriServ Financial’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is AmeriServ Financial's bank owned life insurance?
- AmeriServ Financial (ASRV) reported bank owned life insurance of $39.44M in Q1 2026.
- How has AmeriServ Financial's bank owned life insurance changed year-over-year?
- AmeriServ Financial's bank owned life insurance decreased by 0.7% year-over-year, from $39.73M to $39.44M.
- What is the long-term trend for AmeriServ Financial's bank owned life insurance?
- Over 5 years (2020 to 2025), AmeriServ Financial's bank owned life insurance has grown at a 0.1% compound annual growth rate (CAGR), from $39.03M to $39.31M.
- What does bank owned life insurance mean?
- This represents life insurance policies purchased by the bank on the lives of key employees or officers, where the bank is the beneficiary. It is often used as a tax-advantaged 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.