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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 source filing: Park National’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 4:15 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000805676-26-000061
| Line item | June 30,2026 | December 31, 2025 |
|---|---|---|
| Loans | 9,731,356 | 8,051,242 |
| Allowance for credit losses | (110,686) | (92,973) |
| Net loans | 9,620,670 | 7,958,269 |
| Bank owned life insurance | 280,037 | 241,662 |
| Prepaid assets | 205,418 | 197,814 |
| Goodwill | 263,917 | 159,595 |
| Other intangible assets | 37,069 | 2,395 |
| Premises and equipment, net | 96,430 | 61,627 |
Item 1. Financial Statements
FAQ
- What is Park National's bank owned life insurance?
- Park National (PRK) reported bank owned life insurance of $280.04M in Q2 2026.
- How has Park National's bank owned life insurance changed year-over-year?
- Park National's bank owned life insurance increased by 16.5% year-over-year, from $240.37M to $280.04M.
- 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.
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