Greene County Bancorp GCBC Bank Owned Life Insurance Income
Bank Owned Life Insurance Income 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:BankOwnedLifeInsuranceIncome.
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 income?
- Greene County Bancorp (GCBC) reported bank owned life insurance income of $708K in Q1 2026.
- How has Greene County Bancorp's bank owned life insurance income changed year-over-year?
- Greene County Bancorp's bank owned life insurance income increased by 13.3% year-over-year, from $625K to $708K.
- What is the long-term trend for Greene County Bancorp's bank owned life insurance income?
- Over 4 years (2021 to 2025), Greene County Bancorp's bank owned life insurance income has grown at a 56.4% compound annual growth rate (CAGR), from $425K to $2.55M.
- What does bank owned life insurance income mean?
- Income derived from the cash surrender value growth and death benefits of life insurance policies purchased by the bank on the lives of key employees. This serves as a tax-advantaged non-interest income source that helps offset the costs of employee benefit plans. It represents a strategic use of capital to stabilize long-term earnings.