First United FUNC Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

UBS

United BanksharesUBSI

$551.31M+2.3%

First National Corp.FXNC

$38.84M+1.8%

First BancorpFBNC

$194.63M+2.7%

First Community CorporationFCCO

$32.01M+2.7%

Citizens Financial Services, Inc.CZFS

$74.07M+46.4%

First Commonwealth FinancialFCF

$234.92M+2.0%

Questions, answered.

What is First United's bank owned life insurance?

First United (FUNC) reported bank owned life insurance of $50.13M in Q1 2026.

How has First United's bank owned life insurance changed year-over-year?

First United's bank owned life insurance increased by 1.7% year-over-year, from $49.29M to $50.13M.

What is the long-term trend for First United's bank owned life insurance?

Over 5 years (2020 to 2025), First United's bank owned life insurance has grown at a 2.7% compound annual growth rate (CAGR), from $43.97M to $50.36M.

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. These assets are held to offset the costs of employee benefit plans and provide tax-advantaged income. It is a stable, long-term asset that contributes to non-interest income.