Center Bancorp CNOB Proceeds From Life Insurance Policies
Proceeds From Life Insurance Policies at other companies
Other financials
Where this comes from
Reported directly by Center Bancorp in its filing.
Tagged under the XBRL concept us-gaap:ProceedsFromLifeInsurancePolicies.
The official record: Center Bancorp’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Center Bancorp's proceeds from life insurance policies?
- Center Bancorp (CNOB) reported proceeds from life insurance policies of $0 in Q1 2026.
- How has Center Bancorp's proceeds from life insurance policies changed year-over-year?
- Center Bancorp's proceeds from life insurance policies decreased by 100.0% year-over-year, from $278K to $0.
- What does proceeds from life insurance policies mean?
- This represents the cash inflows received from the surrender or death benefit claims of Bank-Owned Life Insurance (BOLI) policies. These policies are often used by banks as a tax-advantaged method to offset the costs of employee benefit programs. Changes in this metric reflect the bank's strategy regarding long-term asset management and liquidity planning.