Citizens Financial Services, Inc. CZFS Bank Owned Life Insurance Income
Bank Owned Life Insurance Income 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:BankOwnedLifeInsuranceIncome.
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 income?
- Citizens Financial Services, Inc. (CZFS) reported bank owned life insurance income of $570K in Q1 2026.
- How has Citizens Financial Services, Inc.'s bank owned life insurance income changed year-over-year?
- Citizens Financial Services, Inc.'s bank owned life insurance income increased by 64.7% year-over-year, from $346K to $570K.
- What is the long-term trend for Citizens Financial Services, Inc.'s bank owned life insurance income?
- Over 4 years (2021 to 2025), Citizens Financial Services, Inc.'s bank owned life insurance income has grown at a -5.9% compound annual growth rate (CAGR), from $1.83M to $1.43M.
- What does bank owned life insurance income mean?
- This represents the income generated from the cash surrender value growth or death benefits of life insurance policies held by the bank on its employees or executives. It is a non-interest income component used as a tax-advantaged tool to offset the costs of employee benefit programs. Consistent income from this source supports overall operational efficiency.