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Lakeland Financial LKFN Bank Owned Life Insurance
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Where this comes from
Reported directly by Lakeland Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The source filing: Lakeland Financial’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 7:56 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000721994-26-000067
| Line item | June 30,2026 | December 31,2025 |
|---|---|---|
| Real estate mortgage loans held-for-sale | 3,630 | 2,707 |
| Loans, net of allowance for credit losses of $70,598 and $68,995 | 5,509,027 | 5,306,354 |
| Land, premises and equipment, net | 72,504 | 65,542 |
| Bank owned life insurance | 132,366 | 129,978 |
| Federal Reserve and Federal Home Loan Bank stock | 21,420 | 21,420 |
| Accrued interest receivable | 29,514 | 28,997 |
| Goodwill | 4,970 | 4,970 |
| Other assets | 106,214 | 103,466 |
Cover / Front Matter
FAQ
- What is Lakeland Financial's bank owned life insurance?
- Lakeland Financial (LKFN) reported bank owned life insurance of $132.37M in Q2 2026.
- How has Lakeland Financial's bank owned life insurance changed year-over-year?
- Lakeland Financial's bank owned life insurance increased by 3.9% year-over-year, from $127.4M to $132.37M.
- What is the long-term trend for Lakeland Financial's bank owned life insurance?
- Over 5 years (2020 to 2025), Lakeland Financial's bank owned life insurance has grown at a 6.4% compound annual growth rate (CAGR), from $95.23M to $129.98M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) consists of life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. It is utilized as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies represents a stable, long-term asset that provides non-interest income.
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