Magyar Bancorp MGYR Increase In Surrender Value Bank Owned Life Insurance
Increase In Surrender Value Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Magyar Bancorp in its filing.
Tagged under the XBRL concept mgyr:IncreaseInSurrenderValueBankOwnedLifeInsurance.
The official record: Magyar Bancorp’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →
Ask your AI about Magyar Bancorp's increase in surrender value bank owned life insurance.
Connect your AI assistant and compare it to peers, right in your chat.
Connect your AI
Claude
Questions, answered.
- What is Magyar Bancorp's increase in surrender value bank owned life insurance?
- Magyar Bancorp (MGYR) reported increase in surrender value bank owned life insurance of $166K in Q1 2026.
- How has Magyar Bancorp's increase in surrender value bank owned life insurance changed year-over-year?
- Magyar Bancorp's increase in surrender value bank owned life insurance increased by 2.5% year-over-year, from $162K to $166K.
- What is the long-term trend for Magyar Bancorp's increase in surrender value bank owned life insurance?
- Over 3 years (2022 to 2025), Magyar Bancorp's increase in surrender value bank owned life insurance has grown at a 21.8% compound annual growth rate (CAGR), from $372K to $673K.
- What does increase in surrender value bank owned life insurance mean?
- This metric tracks the growth in the cash surrender value of life insurance policies held by the bank on its employees or executives. It represents a tax-advantaged asset that provides both a death benefit and a steady increase in cash value over time. Growth in this value contributes to non-interest income and enhances the bank's capital position.