Bogota Financial Corp. BSBK Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Bogota Financial Corp. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Bogota Financial Corp.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Bogota Financial Corp.'s bank owned life insurance?
- Bogota Financial Corp. (BSBK) reported bank owned life insurance of $32M in Q1 2026.
- How has Bogota Financial Corp.'s bank owned life insurance changed year-over-year?
- Bogota Financial Corp.'s bank owned life insurance increased by 2.8% year-over-year, from $31.11M to $32M.
- What is the long-term trend for Bogota Financial Corp.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Bogota Financial Corp.'s bank owned life insurance has grown at a 13.4% compound annual growth rate (CAGR), from $16.92M to $31.77M.
- 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 its employees or executives. It is often used as a tax-advantaged investment vehicle to offset the costs of employee benefit programs. The growth of this asset reflects the bank's long-term strategy for managing benefit-related liabilities and diversifying its investment portfolio.