Carter Bankshares, Inc. CARE Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Carter Bankshares, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Carter Bankshares, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Carter Bankshares, Inc.'s bank owned life insurance?
- Carter Bankshares, Inc. (CARE) reported bank owned life insurance of $45.25M in Q1 2026.
- How has Carter Bankshares, Inc.'s bank owned life insurance changed year-over-year?
- Carter Bankshares, Inc.'s bank owned life insurance decreased by 6.2% year-over-year, from $48.22M to $45.25M.
- What is the long-term trend for Carter Bankshares, Inc.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Carter Bankshares, Inc.'s bank owned life insurance has grown at a -3.7% compound annual growth rate (CAGR), from $54M to $44.81M.
- 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 employees or executives. It is often used as a tax-advantaged investment vehicle to offset the costs of employee benefit plans.