Park National PRK Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Park National in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Park National’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Park National's bank owned life insurance?
- Park National (PRK) reported bank owned life insurance of $279.75M in Q1 2026.
- How has Park National's bank owned life insurance changed year-over-year?
- Park National's bank owned life insurance increased by 16.2% year-over-year, from $240.65M to $279.75M.
- What is the long-term trend for Park National's bank owned life insurance?
- Over 5 years (2020 to 2025), Park National's bank owned life insurance has grown at a 2.2% compound annual growth rate (CAGR), from $216.23M to $241.66M.
- 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 is the beneficiary, and the asset serves as a tax-advantaged vehicle to offset costs associated with employee benefit plans. It is a stable, long-term asset that provides non-interest income through policy growth.