First Community Corporation FCCO Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by First Community Corporation in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: First Community Corporation’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is First Community Corporation's bank owned life insurance?
- First Community Corporation (FCCO) reported bank owned life insurance of $32.01M in Q1 2026.
- How has First Community Corporation's bank owned life insurance changed year-over-year?
- First Community Corporation's bank owned life insurance increased by 2.7% year-over-year, from $31.18M to $32.01M.
- What is the long-term trend for First Community Corporation's bank owned life insurance?
- Over 5 years (2020 to 2025), First Community Corporation's bank owned life insurance has grown at a 2.8% compound annual growth rate (CAGR), from $27.69M to $31.8M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) represents the cash surrender value of life insurance policies purchased by the bank on the lives of key employees. It serves as a tax-advantaged investment vehicle used to offset the costs of employee benefit programs. The growth in this asset reflects the bank's strategy to manage long-term benefit liabilities efficiently.