Columbia Financial, Inc. CLBK Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Columbia Financial, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Columbia Financial, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Columbia Financial, Inc.'s bank owned life insurance?
- Columbia Financial, Inc. (CLBK) reported bank owned life insurance of $285.27M in Q1 2026.
- How has Columbia Financial, Inc.'s bank owned life insurance changed year-over-year?
- Columbia Financial, Inc.'s bank owned life insurance increased by 3.1% year-over-year, from $276.77M to $285.27M.
- What is the long-term trend for Columbia Financial, Inc.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Columbia Financial, Inc.'s bank owned life insurance has grown at a 4.0% compound annual growth rate (CAGR), from $232.82M to $283.09M.
- What does bank owned life insurance mean?
- The cash surrender value of life insurance policies purchased by the bank on the lives of its key employees or officers. This asset serves as a tax-advantaged vehicle to offset the costs of employee benefit plans and provides a stable, long-term financial instrument for the institution. It represents a form of non-interest income and a strategic tool for managing long-term benefit liabilities.