Primis Financial Corp. FRST Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Primis Financial Corp. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Primis Financial Corp.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Primis Financial Corp.'s bank owned life insurance?
- Primis Financial Corp. (FRST) reported bank owned life insurance of $76.96M in Q1 2026.
- How has Primis Financial Corp.'s bank owned life insurance changed year-over-year?
- Primis Financial Corp.'s bank owned life insurance increased by 13.8% year-over-year, from $67.61M to $76.96M.
- What is the long-term trend for Primis Financial Corp.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Primis Financial Corp.'s bank owned life insurance has grown at a 1.1% compound annual growth rate (CAGR), from $65.41M to $68.97M.
- What does bank owned life insurance mean?
- This is the cash surrender value of life insurance policies purchased by the bank on the lives of key employees or officers. The bank is the beneficiary of these policies, which serve as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. It represents a stable, long-term asset that contributes to non-interest income.