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Independent Bank Corp INDB Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by Independent Bank Corp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The source filing: Independent Bank Corp’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 4:15 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000776901-26-000129
| Line item | Three Months Ended / June 30 / 2026 | Three Months Ended / June 30 / 2025 | Six Months Ended / June 30 / 2026 | Six Months Ended / June 30 / 2025 |
|---|---|---|---|---|
| Interchange and ATM fees | 5,686 | 4,997 | 10,704 | 9,619 |
| Investment management and advisory | 14,961 | 11,380 | 29,126 | 22,600 |
| Mortgage banking income | 1,174 | 1,072 | 2,444 | 1,813 |
| Increase in cash surrender value of life insurance policies | 2,636 | 2,038 | 5,348 | 4,103 |
| Gain on life insurance benefits | 672 | 1,650 | 1,018 | 1,650 |
| Loan level derivative income | 1,317 | 66 | 2,227 | 1,108 |
| Other non-interest income | 6,552 | 5,964 | 13,143 | 11,760 |
| Total non-interest income | 42,391 | 34,308 | 82,652 | 66,847 |
Item 1. Financial Statements (unaudited)
FAQ
- What is Independent Bank Corp's bank owned life insurance income?
- Independent Bank Corp (INDB) reported bank owned life insurance income of $2.64M in Q2 2026.
- How has Independent Bank Corp's bank owned life insurance income changed year-over-year?
- Independent Bank Corp's bank owned life insurance income increased by 29.3% year-over-year, from $2.04M to $2.64M.
- What is the long-term trend for Independent Bank Corp's bank owned life insurance income?
- Over 4 years (2021 to 2025), Independent Bank Corp's bank owned life insurance income has grown at a 10.1% compound annual growth rate (CAGR), from $6.43M to $9.43M.
- What does bank owned life insurance income mean?
- Earnings generated from life insurance policies purchased by the bank on the lives of key employees or officers. It serves as a tax-advantaged method to offset the costs of employee benefit plans and provides a stable, recurring non-interest income stream.
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