Citizens Financial Services, Inc. CZFS Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Citizens Financial Services, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Citizens Financial Services, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Citizens Financial Services, Inc.'s bank owned life insurance?
- Citizens Financial Services, Inc. (CZFS) reported bank owned life insurance of $74.07M in Q1 2026.
- How has Citizens Financial Services, Inc.'s bank owned life insurance changed year-over-year?
- Citizens Financial Services, Inc.'s bank owned life insurance increased by 46.4% year-over-year, from $50.58M to $74.07M.
- What is the long-term trend for Citizens Financial Services, Inc.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Citizens Financial Services, Inc.'s bank owned life insurance has grown at a 9.6% compound annual growth rate (CAGR), from $32.59M to $51.5M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) consists of life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. The cash surrender value of these policies is recorded as an asset, providing a tax-advantaged way to offset the costs of employee benefit plans. It serves as a long-term financial instrument for capital management and expense mitigation.