Bank of the James Financial Group BOTJ Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Bank of the James Financial Group in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Bank of the James Financial Group’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Bank of the James Financial Group's bank owned life insurance?
- Bank of the James Financial Group (BOTJ) reported bank owned life insurance of $23.89M in Q1 2026.
- How has Bank of the James Financial Group's bank owned life insurance changed year-over-year?
- Bank of the James Financial Group's bank owned life insurance increased by 3.4% year-over-year, from $23.1M to $23.89M.
- What is the long-term trend for Bank of the James Financial Group's bank owned life insurance?
- Over 5 years (2020 to 2025), Bank of the James Financial Group's bank owned life insurance has grown at a 7.7% compound annual growth rate (CAGR), from $16.36M to $23.68M.
- What does bank owned life insurance mean?
- This reflects the cash surrender value of life insurance policies purchased by the bank on the lives of key employees. It is used as a tax-advantaged investment vehicle to offset the costs of employee benefit plans and provide long-term capital growth.