Ohio Valley Banc Corp OVBC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Ohio Valley Banc Corp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Ohio Valley Banc Corp’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Ohio Valley Banc Corp's bank owned life insurance?
- Ohio Valley Banc Corp (OVBC) reported bank owned life insurance of $42.61M in Q1 2026.
- How has Ohio Valley Banc Corp's bank owned life insurance changed year-over-year?
- Ohio Valley Banc Corp's bank owned life insurance increased by 0.9% year-over-year, from $42.23M to $42.61M.
- What is the long-term trend for Ohio Valley Banc Corp's bank owned life insurance?
- Over 5 years (2020 to 2025), Ohio Valley Banc Corp's bank owned life insurance has grown at a 3.8% compound annual growth rate (CAGR), from $36M to $43.31M.
- 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 both the owner and beneficiary of these policies, which serve as a tax-advantaged investment vehicle. It is used to offset the costs of employee benefit programs and provides long-term liquidity.