Coastal Financial CCB Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Coastal Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Coastal Financial’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Coastal Financial's bank owned life insurance?
- Coastal Financial (CCB) reported bank owned life insurance of $14.04M in Q1 2026.
- How has Coastal Financial's bank owned life insurance changed year-over-year?
- Coastal Financial's bank owned life insurance increased by 4.0% year-over-year, from $13.5M to $14.04M.
- What is the long-term trend for Coastal Financial's bank owned life insurance?
- Over 5 years (2020 to 2025), Coastal Financial's bank owned life insurance has grown at a 14.5% compound annual growth rate (CAGR), from $7.08M to $13.91M.
- 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 key employees or executives. The bank acts as the beneficiary, using these policies as a tax-advantaged vehicle to offset the costs of employee benefit programs. It serves as a stable, long-term asset that provides supplemental income to the institution.