Greene County Bancorp GCBC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Greene County Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Greene County Bancorp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Greene County Bancorp's bank owned life insurance?
- Greene County Bancorp (GCBC) reported bank owned life insurance of $68.17M in Q1 2026.
- How has Greene County Bancorp's bank owned life insurance changed year-over-year?
- Greene County Bancorp's bank owned life insurance increased by 15.2% year-over-year, from $59.16M to $68.17M.
- What is the long-term trend for Greene County Bancorp's bank owned life insurance?
- Over 4 years (2021 to 2025), Greene County Bancorp's bank owned life insurance has grown at a 10.3% compound annual growth rate (CAGR), from $40.43M to $59.8M.
- 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 or officers. It serves as a tax-advantaged investment vehicle that provides long-term financial stability and potential death benefits. The growth of this asset reflects the bank's strategy for managing long-term capital and offsetting benefit-related expenses.