Hanmi Financial HAFC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Hanmi Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Hanmi Financial’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Hanmi Financial's bank owned life insurance?
- Hanmi Financial (HAFC) reported bank owned life insurance of $56.53M in Q1 2026.
- How has Hanmi Financial's bank owned life insurance changed year-over-year?
- Hanmi Financial's bank owned life insurance decreased by 1.6% year-over-year, from $57.48M to $56.53M.
- What is the long-term trend for Hanmi Financial's bank owned life insurance?
- Over 5 years (2020 to 2025), Hanmi Financial's bank owned life insurance has grown at a 1.0% compound annual growth rate (CAGR), from $53.89M to $56.7M.
- 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 key employees or officers. The bank is the beneficiary of these policies, which are used to offset the costs of employee benefit programs. It serves as a tax-advantaged investment vehicle that provides stable, long-term returns.