First Seacoast Bancorp FSEA Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by First Seacoast Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: First Seacoast Bancorp’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is First Seacoast Bancorp's bank owned life insurance?
- First Seacoast Bancorp (FSEA) reported bank owned life insurance of $4.9M in Q1 2026.
- How has First Seacoast Bancorp's bank owned life insurance changed year-over-year?
- First Seacoast Bancorp's bank owned life insurance increased by 2.2% year-over-year, from $4.79M to $4.9M.
- What is the long-term trend for First Seacoast Bancorp's bank owned life insurance?
- Over 4 years (2021 to 2025), First Seacoast Bancorp's bank owned life insurance has grown at a 2.2% compound annual growth rate (CAGR), from $4.46M to $4.88M.
- 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 key employees. These policies are held as a long-term asset to offset the costs of employee benefit programs. The growth of this asset provides a tax-advantaged mechanism for managing future compensation-related liabilities.