MVB Financial Corp. MVBF Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by MVB Financial Corp. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: MVB Financial Corp.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is MVB Financial Corp.'s bank owned life insurance?
- MVB Financial Corp. (MVBF) reported bank owned life insurance of $56.82M in Q1 2026.
- How has MVB Financial Corp.'s bank owned life insurance changed year-over-year?
- MVB Financial Corp.'s bank owned life insurance increased by 24.2% year-over-year, from $45.75M to $56.82M.
- What is the long-term trend for MVB Financial Corp.'s bank owned life insurance?
- Over 5 years (2020 to 2025), MVB Financial Corp.'s bank owned life insurance has grown at a 6.4% compound annual growth rate (CAGR), from $41.26M to $56.27M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) is a life insurance policy purchased by a financial institution on the lives of its key employees, where the bank is the beneficiary. It is utilized as a tax-advantaged investment vehicle to offset the costs of employee benefit programs. The cash surrender value of these policies is recorded as an asset on the balance sheet.