ChoiceOne Financial COFS Bank Owned Life Insurance Income
Discontinued — last reported Q2 '26
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by ChoiceOne Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The official record: ChoiceOne Financial’s 8-K, filed July 24, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is ChoiceOne Financial's bank owned life insurance income?
- ChoiceOne Financial (COFS) reported bank owned life insurance income of $706K in Q2 2026.
- How has ChoiceOne Financial's bank owned life insurance income changed year-over-year?
- ChoiceOne Financial's bank owned life insurance income decreased by 16.4% year-over-year, from $844K to $706K.
- What is the long-term trend for ChoiceOne Financial's bank owned life insurance income?
- Over 4 years (2021 to 2025), ChoiceOne Financial's bank owned life insurance income has grown at a 30.7% compound annual growth rate (CAGR), from $809K to $2.36M.
- What does bank owned life insurance income mean?
- This represents the income generated from bank-owned life insurance (BOLI) policies, typically including increases in cash surrender value and death benefits received. It serves as a tax-advantaged source of noninterest income used by financial institutions to offset the costs of employee benefit programs.