Broadway Financial BYFC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Broadway Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Broadway Financial’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →
Ask your AI about Broadway Financial's bank owned life insurance.
Connect your AI assistant and compare it to peers, right in your chat.
Connect your AI
Claude
Questions, answered.
- What is Broadway Financial's bank owned life insurance?
- Broadway Financial (BYFC) reported bank owned life insurance of $23.92M in Q1 2026.
- How has Broadway Financial's bank owned life insurance changed year-over-year?
- Broadway Financial's bank owned life insurance increased by 617.8% year-over-year, from $3.33M to $23.92M.
- What is the long-term trend for Broadway Financial's bank owned life insurance?
- Over 5 years (2020 to 2025), Broadway Financial's bank owned life insurance has grown at a 49.7% compound annual growth rate (CAGR), from $3.15M to $23.66M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its key employees or officers. The bank is the beneficiary of these policies, which are used as a tax-advantaged vehicle to offset the costs of employee benefit plans. It reflects a strategic long-term asset used for capital management and expense mitigation.