Mercantile Bank Corporation MBWM Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by Mercantile Bank Corporation in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The official record: Mercantile Bank Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Mercantile Bank Corporation's bank owned life insurance income?
- Mercantile Bank Corporation (MBWM) reported bank owned life insurance income of $665K in Q1 2026.
- How has Mercantile Bank Corporation's bank owned life insurance income changed year-over-year?
- Mercantile Bank Corporation's bank owned life insurance income increased by 22.5% year-over-year, from $543K to $665K.
- What is the long-term trend for Mercantile Bank Corporation's bank owned life insurance income?
- Over 4 years (2021 to 2025), Mercantile Bank Corporation's bank owned life insurance income has grown at a 29.7% compound annual growth rate (CAGR), from $1.16M to $3.29M.
- What does bank owned life insurance income mean?
- Income recognized from the cash surrender value growth or death benefits of life insurance policies held on the lives of bank employees or executives. This represents a tax-advantaged non-interest income source used to offset benefit costs.