Burke & Herbert Financial Services Corp. BHRB Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Burke & Herbert Financial Services Corp. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Burke & Herbert Financial Services Corp.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Burke & Herbert Financial Services Corp.'s bank owned life insurance?
- Burke & Herbert Financial Services Corp. (BHRB) reported bank owned life insurance of $214.61M in Q1 2026.
- How has Burke & Herbert Financial Services Corp.'s bank owned life insurance changed year-over-year?
- Burke & Herbert Financial Services Corp.'s bank owned life insurance increased by 16.6% year-over-year, from $184.02M to $214.61M.
- What is the long-term trend for Burke & Herbert Financial Services Corp.'s bank owned life insurance?
- Over 3 years (2022 to 2025), Burke & Herbert Financial Services Corp.'s bank owned life insurance has grown at a 32.1% compound annual growth rate (CAGR), from $92.49M to $213.2M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) consists of life insurance policies purchased by the bank on the lives of key employees or directors. The bank is the beneficiary of these policies, which provide a tax-advantaged method to offset the costs of employee benefit programs. This asset represents a long-term investment strategy aimed at enhancing non-interest income and managing benefit expenses.