Southern First Bancshares SFST Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Southern First Bancshares in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Southern First Bancshares’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Southern First Bancshares's bank owned life insurance?
- Southern First Bancshares (SFST) reported bank owned life insurance of $56.22M in Q1 2026.
- How has Southern First Bancshares's bank owned life insurance changed year-over-year?
- Southern First Bancshares's bank owned life insurance increased by 3.2% year-over-year, from $54.47M to $56.22M.
- What is the long-term trend for Southern First Bancshares's bank owned life insurance?
- Over 5 years (2020 to 2025), Southern First Bancshares's bank owned life insurance has grown at a 6.3% compound annual growth rate (CAGR), from $41.1M to $55.78M.
- 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 its key employees or officers. The bank acts as the beneficiary, using the policy to offset the costs of employee benefit plans and provide a tax-advantaged return on assets. It is viewed as a stable, long-term investment that supports the bank's overall capital and earnings profile.