Southside Bancshares SBSI Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by Southside Bancshares in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
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 income?
- Southside Bancshares (SBSI) reported bank owned life insurance income of $986K in Q1 2026.
- How has Southside Bancshares's bank owned life insurance income changed year-over-year?
- Southside Bancshares's bank owned life insurance income increased by 23.4% year-over-year, from $799K to $986K.
- What is the long-term trend for Southside Bancshares's bank owned life insurance income?
- Over 4 years (2021 to 2025), Southside Bancshares's bank owned life insurance income has grown at a 8.6% compound annual growth rate (CAGR), from $2.62M to $3.64M.
- What does bank owned life insurance income mean?
- Income derived from the cash surrender value growth or death benefit proceeds of life insurance policies held on the lives of bank employees. It acts as a tax-advantaged financial instrument used to offset the costs of employee benefit programs.