Mid Penn Bancorp MPB Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Mid Penn Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Mid Penn Bancorp’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Mid Penn Bancorp's bank owned life insurance?
- Mid Penn Bancorp (MPB) reported bank owned life insurance of $116.47M in Q1 2026.
- How has Mid Penn Bancorp's bank owned life insurance changed year-over-year?
- Mid Penn Bancorp's bank owned life insurance increased by 126.8% year-over-year, from $51.35M to $116.47M.
- What is the long-term trend for Mid Penn Bancorp's bank owned life insurance?
- Over 5 years (2020 to 2025), Mid Penn Bancorp's bank owned life insurance has grown at a 40.9% compound annual growth rate (CAGR), from $17.18M to $95.35M.
- 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 key employees or officers. The bank acts as the beneficiary, providing a tax-advantaged vehicle to offset the costs of employee benefit programs. It is considered a long-term asset that provides stable, non-interest income over time.