Southside Bancshares SBSI Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Southside Bancshares in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Southside Bancshares’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Southside Bancshares's bank owned life insurance?
- Southside Bancshares (SBSI) reported bank owned life insurance of $145.99M in Q1 2026.
- How has Southside Bancshares's bank owned life insurance changed year-over-year?
- Southside Bancshares's bank owned life insurance increased by 5.8% year-over-year, from $137.96M to $145.99M.
- What is the long-term trend for Southside Bancshares's bank owned life insurance?
- Over 5 years (2020 to 2025), Southside Bancshares's bank owned life insurance has grown at a 4.7% compound annual growth rate (CAGR), from $115.58M to $145.13M.
- 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 acts as the beneficiary, using these policies to offset the costs of employee benefit plans. It serves as a tax-advantaged asset that provides long-term financial stability and supplemental income for the institution.