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Financial Institutions FISI Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Financial Institutions in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The source filing: Financial Institutions’s 10-Q, filed May 4, 2026.
- Filed
- May 4, 2026, 4:06 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001193125-26-203962
| (Dollars in thousands, except share and per share data) | March 31, 2026 | December 31, 2025 |
|---|---|---|
| Securities held to maturity, at amortized cost (net of allowance for credit losses of $2) (fair value of $73,283 and $76,256, respectively) | 82,074 | 84,708 |
| Loans held for sale | 1,034 | 3,365 |
| Loans (net of allowance for credit losses of $44,661 and $47,386, respectively) | 4,582,926 | 4,610,480 |
| Company owned life insurance | 179,159 | 176,394 |
| Premises and equipment, net | 38,417 | 39,894 |
| Goodwill | 58,121 | 58,121 |
| Other intangible assets, net | 2,124 | 2,222 |
| Other assets | 261,780 | 267,733 |
ITEM 1. Financial Statements
FAQ
- What is Financial Institutions's bank owned life insurance?
- Financial Institutions (FISI) reported bank owned life insurance of $179.16M in Q1 2026.
- How has Financial Institutions's bank owned life insurance changed year-over-year?
- Financial Institutions's bank owned life insurance decreased by 26.2% year-over-year, from $242.64M to $179.16M.
- What is the long-term trend for Financial Institutions's bank owned life insurance?
- Over 5 years (2020 to 2025), Financial Institutions's bank owned life insurance has grown at a 11.8% compound annual growth rate (CAGR), from $100.9M to $176.39M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its employees or executives. It serves as a tax-advantaged investment vehicle used to offset the costs of employee benefit programs. The growth of this asset reflects the bank's long-term strategy for managing benefit-related liabilities.
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