Pioneer Bancorp, Inc. PBFS Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Pioneer Bancorp, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Pioneer Bancorp, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Pioneer Bancorp, Inc.'s bank owned life insurance?
- Pioneer Bancorp, Inc. (PBFS) reported bank owned life insurance of $15.31M in Q1 2026.
- How has Pioneer Bancorp, Inc.'s bank owned life insurance changed year-over-year?
- Pioneer Bancorp, Inc.'s bank owned life insurance decreased by 3.9% year-over-year, from $15.93M to $15.31M.
- What is the long-term trend for Pioneer Bancorp, Inc.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Pioneer Bancorp, Inc.'s bank owned life insurance has grown at a -2.3% compound annual growth rate (CAGR), from $17.24M to $15.31M.
- 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 its key employees or executives. It serves as a long-term asset that provides tax-advantaged income and helps offset the costs of employee benefit programs. The balance reflects the bank's strategy for managing long-term liabilities through diversified asset holdings.