Citizens & Northern CZNC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Citizens & Northern in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Citizens & Northern’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Citizens & Northern's bank owned life insurance?
- Citizens & Northern (CZNC) reported bank owned life insurance of $61.61M in Q1 2026.
- How has Citizens & Northern's bank owned life insurance changed year-over-year?
- Citizens & Northern's bank owned life insurance increased by 19.2% year-over-year, from $51.67M to $61.61M.
- What is the long-term trend for Citizens & Northern's bank owned life insurance?
- Over 5 years (2020 to 2025), Citizens & Northern's bank owned life insurance has grown at a 15.2% compound annual growth rate (CAGR), from $30.1M to $61.09M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) is a life insurance policy purchased by the bank on the lives of key employees, where the bank is the beneficiary. It is used as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies is recorded as an asset on the balance sheet.