ChoiceOne Financial COFS Bank Owned Life Insurance Income Operating Activities
Bank Owned Life Insurance Income Operating Activities at other companies
Other financials
Where this comes from
Reported directly by ChoiceOne Financial in its filing.
Tagged under the XBRL concept cofs:BankOwnedLifeInsuranceIncomeOperatingActivities.
The official record: ChoiceOne Financial’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is ChoiceOne Financial's bank owned life insurance income operating activities?
- ChoiceOne Financial (COFS) reported bank owned life insurance income operating activities of $584K in Q1 2026.
- How has ChoiceOne Financial's bank owned life insurance income operating activities changed year-over-year?
- ChoiceOne Financial's bank owned life insurance income operating activities increased by 50.1% year-over-year, from $389K to $584K.
- What is the long-term trend for ChoiceOne Financial's bank owned life insurance income operating activities?
- Over 4 years (2021 to 2025), ChoiceOne Financial's bank owned life insurance income operating activities has grown at a 27.5% compound annual growth rate (CAGR), from $778K to $2.06M.
- What does bank owned life insurance income operating activities mean?
- Captures the periodic increase in the cash surrender value of life insurance policies held by the bank on the lives of key employees or executives. This income is generally tax-advantaged and provides a stable, non-interest revenue stream for the institution. It reflects the bank's utilization of corporate-owned life insurance as a long-term financial management tool.