Peoples Financial Services PFIS Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Peoples Financial Services in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Peoples Financial Services’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Peoples Financial Services's bank owned life insurance?
- Peoples Financial Services (PFIS) reported bank owned life insurance of $83.42M in Q1 2026.
- How has Peoples Financial Services's bank owned life insurance changed year-over-year?
- Peoples Financial Services's bank owned life insurance decreased by 5.2% year-over-year, from $87.95M to $83.42M.
- What is the long-term trend for Peoples Financial Services's bank owned life insurance?
- Over 5 years (2020 to 2025), Peoples Financial Services's bank owned life insurance has grown at a 15.9% compound annual growth rate (CAGR), from $42.32M to $88.65M.
- What does bank owned life insurance mean?
- This represents life insurance policies purchased by the bank on the lives of key employees or officers, where the bank is the beneficiary. It is utilized as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies is recorded as an asset on the balance sheet.