Richmond Mutual Bancorporation, Inc. RMBI Cash surrender value of life insurance policies
Cash surrender value of life insurance policies at other companies
Other financials
Where this comes from
Reported directly by Richmond Mutual Bancorporation, Inc. in its filing.
Tagged under the XBRL concept us-gaap:CashSurrenderValueOfLifeInsurance.
The official record: Richmond Mutual Bancorporation, Inc.’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Richmond Mutual Bancorporation, Inc.'s cash surrender value of life insurance policies?
- Richmond Mutual Bancorporation, Inc. (RMBI) reported cash surrender value of life insurance policies of $3.98M in Q1 2026.
- How has Richmond Mutual Bancorporation, Inc.'s cash surrender value of life insurance policies changed year-over-year?
- Richmond Mutual Bancorporation, Inc.'s cash surrender value of life insurance policies increased by 2.5% year-over-year, from $3.88M to $3.98M.
- What is the long-term trend for Richmond Mutual Bancorporation, Inc.'s cash surrender value of life insurance policies?
- Over 5 years (2020 to 2025), Richmond Mutual Bancorporation, Inc.'s cash surrender value of life insurance policies has grown at a 2.3% compound annual growth rate (CAGR), from $3.53M to $3.95M.
- What does cash surrender value of life insurance policies mean?
- This is the amount the bank would receive if it were to cancel the life insurance policies it holds on key employees or executives. It functions as a stable, tax-advantaged asset that provides both financial protection and a modest cash value accumulation. It is often used as a long-term capital preservation strategy.