Parke Bancorp PKBK Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Parke Bancorp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Parke Bancorp’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Parke Bancorp's bank owned life insurance?
- Parke Bancorp (PKBK) reported bank owned life insurance of $35.54M in Q1 2026.
- How has Parke Bancorp's bank owned life insurance changed year-over-year?
- Parke Bancorp's bank owned life insurance increased by 21.6% year-over-year, from $29.24M to $35.54M.
- What is the long-term trend for Parke Bancorp's bank owned life insurance?
- Over 5 years (2020 to 2025), Parke Bancorp's bank owned life insurance has grown at a 5.5% compound annual growth rate (CAGR), from $27M to $35.32M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) represents life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. The cash surrender value of these policies is recorded as an asset, providing a tax-advantaged method to offset the costs of employee benefit plans. It serves as a long-term financial instrument for managing institutional liabilities and enhancing non-interest income.