MetroCity Bankshares MCBS Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by MetroCity Bankshares in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: MetroCity Bankshares’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is MetroCity Bankshares's bank owned life insurance?
- MetroCity Bankshares (MCBS) reported bank owned life insurance of $76.42M in Q1 2026.
- How has MetroCity Bankshares's bank owned life insurance changed year-over-year?
- MetroCity Bankshares's bank owned life insurance increased by 3.4% year-over-year, from $73.9M to $76.42M.
- What is the long-term trend for MetroCity Bankshares's bank owned life insurance?
- Over 5 years (2020 to 2025), MetroCity Bankshares's bank owned life insurance has grown at a 16.2% compound annual growth rate (CAGR), from $35.81M to $75.79M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its key employees or officers. The bank acts as the beneficiary, and the policy growth provides a tax-advantaged return that helps offset the costs of employee benefit programs. It serves as a stable, long-term financial asset for the institution.