Shore Bancshares SHBI Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by Shore Bancshares in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The official record: Shore Bancshares’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Shore Bancshares's bank owned life insurance income?
- Shore Bancshares (SHBI) reported bank owned life insurance income of $33K in Q1 2026.
- How has Shore Bancshares's bank owned life insurance income changed year-over-year?
- Shore Bancshares's bank owned life insurance income decreased by 93.8% year-over-year, from $529K to $33K.
- What is the long-term trend for Shore Bancshares's bank owned life insurance income?
- Over 4 years (2021 to 2025), Shore Bancshares's bank owned life insurance income has grown at a 37.6% compound annual growth rate (CAGR), from $1.09M to $3.91M.
- What does bank owned life insurance income mean?
- This reflects the income generated from the cash surrender value growth and death benefits of life insurance policies purchased by the bank on the lives of key employees. It serves as a tax-advantaged non-interest income source used to offset the costs of employee benefit programs. Stability in this metric provides a predictable, low-risk revenue stream.