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Independent Bank Corporation IBCP Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Independent Bank Corporation in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The source filing: Independent Bank Corporation’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 12:18 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000039311-26-000061
| Line item | June 30,2026 | December 31,2025 |
|---|---|---|
| Net Loans | 4,348,191 | 4,212,840 |
| Other real estate and repossessed assets, net | 710 | 896 |
| Property and equipment, net | 44,549 | 38,972 |
| Bank-owned life insurance | 53,567 | 53,750 |
| Capitalized mortgage loan servicing rights, carried at fair value | 33,949 | 31,493 |
| Other intangibles, net | 771 | 1,001 |
| Goodwill | 28,300 | 28,300 |
| Accrued income and other assets | 169,976 | 167,516 |
Item 1. Condensed Consolidated Statements of Financial Condition June 30, 2026 and December 31, 20
FAQ
- What is Independent Bank Corporation's bank owned life insurance?
- Independent Bank Corporation (IBCP) reported bank owned life insurance of $53.57M in Q2 2026.
- How has Independent Bank Corporation's bank owned life insurance changed year-over-year?
- Independent Bank Corporation's bank owned life insurance decreased by 0.0% year-over-year, from $53.59M to $53.57M.
- What is the long-term trend for Independent Bank Corporation's bank owned life insurance?
- Over 5 years (2020 to 2025), Independent Bank Corporation's bank owned life insurance has grown at a -0.5% compound annual growth rate (CAGR), from $55.18M to $53.75M.
- What does bank owned life insurance mean?
- Refers to the cash surrender value of life insurance policies held by the bank on the lives of key employees or executives. This asset serves as a tax-advantaged vehicle to offset the costs of employee benefit plans. It reflects the bank's long-term strategy for managing benefit liabilities and diversifying its non-interest income sources.
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