Chemung Financial CHMG Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Segments
By product
Other financials
Where this comes from
Reported directly by Chemung Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The official record: Chemung Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
Ask your AI about Chemung Financial's bank owned life insurance income.
Connect your AI assistant and compare it to peers, right in your chat.
Connect your AI
Claude
Questions, answered.
- What is Chemung Financial's bank owned life insurance income?
- Chemung Financial (CHMG) reported bank owned life insurance income of $7K in Q1 2026.
- How has Chemung Financial's bank owned life insurance income changed year-over-year?
- Chemung Financial's bank owned life insurance income decreased by 12.5% year-over-year, from $8K to $7K.
- What is the long-term trend for Chemung Financial's bank owned life insurance income?
- Over 4 years (2021 to 2025), Chemung Financial's bank owned life insurance income has grown at a -11.9% compound annual growth rate (CAGR), from $53K to $32K.
- What does bank owned life insurance income mean?
- This represents the earnings generated from life insurance policies held by the bank on the lives of its key employees or executives. It serves as a tax-advantaged source of non-interest income that helps offset the costs of employee benefit programs. Stable or growing income from this source contributes to the bank's overall profitability and operational efficiency.