Carter Bankshares, Inc. CARE Bank Owned Life Insurance Income
Bank Owned Life Insurance Income 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:BankOwnedLifeInsuranceIncome.
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 income?
- Carter Bankshares, Inc. (CARE) reported bank owned life insurance income of $436K in Q1 2026.
- How has Carter Bankshares, Inc.'s bank owned life insurance income changed year-over-year?
- Carter Bankshares, Inc.'s bank owned life insurance income increased by 27.9% year-over-year, from $341K to $436K.
- What is the long-term trend for Carter Bankshares, Inc.'s bank owned life insurance income?
- Over 4 years (2021 to 2025), Carter Bankshares, Inc.'s bank owned life insurance income has grown at a 2.3% compound annual growth rate (CAGR), from $1.38M to $1.51M.
- What does bank owned life insurance income mean?
- Represents the increase in the cash surrender value of bank-owned life insurance (BOLI) policies, excluding death benefits. This income stream serves as a tax-advantaged method for banks to offset the costs of employee benefit programs. It is a stable, recurring component of non-interest income for many financial institutions.