First National Corp. FXNC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by First National Corp. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: First National Corp.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is First National Corp.'s bank owned life insurance?
- First National Corp. (FXNC) reported bank owned life insurance of $38.84M in Q1 2026.
- How has First National Corp.'s bank owned life insurance changed year-over-year?
- First National Corp.'s bank owned life insurance increased by 1.8% year-over-year, from $38.14M to $38.84M.
- What is the long-term trend for First National Corp.'s bank owned life insurance?
- Over 5 years (2020 to 2025), First National Corp.'s bank owned life insurance has grown at a 16.6% compound annual growth rate (CAGR), from $17.92M to $38.58M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) consists of life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. The cash surrender value of these policies is recorded as an asset, and the tax-free income generated helps offset the costs of employee benefit programs. It serves as a long-term financial instrument for managing benefit-related expenses.