Old Second Bancorp OSBC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Old Second Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Old Second Bancorp’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Old Second Bancorp's bank owned life insurance?
- Old Second Bancorp (OSBC) reported bank owned life insurance of $131.56M in Q1 2026.
- How has Old Second Bancorp's bank owned life insurance changed year-over-year?
- Old Second Bancorp's bank owned life insurance increased by 16.2% year-over-year, from $113.25M to $131.56M.
- What is the long-term trend for Old Second Bancorp's bank owned life insurance?
- Over 5 years (2020 to 2025), Old Second Bancorp's bank owned life insurance has grown at a 15.6% compound annual growth rate (CAGR), from $63.1M to $130.48M.
- 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 employees. It serves as a tax-advantaged investment vehicle to offset the costs of employee benefit programs. The growth of this asset reflects the bank's long-term capital management strategy.