Hoyne Bancorp, Inc. HYNE Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Hoyne Bancorp, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Hoyne Bancorp, Inc. ’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Hoyne Bancorp, Inc. 's bank owned life insurance?
- Hoyne Bancorp, Inc. (HYNE) reported bank owned life insurance of $20.13M in Q1 2026.
- What does bank owned life insurance mean?
- The cash surrender value of life insurance policies purchased by the bank on the lives of key employees or officers. This asset serves as a tax-advantaged vehicle to offset the costs of employee benefit plans and provides a stable, long-term source of non-interest income. It reflects the bank's strategy for managing long-term benefit liabilities and diversifying its asset base.