First United FUNC Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

First BancorpFBNC

$1.34M+9.1%

Citizens Financial Services, Inc.CZFS

$570K+64.7%

Bank First CorporationBFC

$743K+82.6%

Community Financial SystemCBU

$991K+78.2%

Financial InstitutionsFISI

$2.77M-0.2%

Questions, answered.

What is First United's bank owned life insurance income?

First United (FUNC) reported bank owned life insurance income of $539K in Q1 2026.

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

First United's bank owned life insurance income increased by 58.1% year-over-year, from $341K to $539K.

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

Over 4 years (2021 to 2025), First United's bank owned life insurance income has grown at a 4.6% compound annual growth rate (CAGR), from $1.18M to $1.41M.

What does bank owned life insurance income mean?

Represents the income generated from the cash surrender value growth or death benefits associated with life insurance policies held by the bank on its employees or executives. This serves as a tax-advantaged source of non-interest income used to offset the costs of employee benefit programs. It is a stable, recurring component of the bank's broader revenue strategy.