Southern First Bancshares SFST Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

SouthStateSSB

$1.31B+2.4%

Southside BancsharesSBSI

$146.26M+5.4%

Eagle BancorpEGBN

$345.47M+6.2%

Western New England BancorpWNEB

$78.21M+0.2%

Customers BancorpCUBI

$310.31M+3.2%

Simmons First NationalSFNC

$545.25M+1.8%

FAQ

What is Southern First Bancshares's bank owned life insurance?

Southern First Bancshares (SFST) reported bank owned life insurance of $56.68M in Q2 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 3.3% year-over-year, from $54.89M to $56.68M.

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.