South Plains Financial, Inc. SPFI Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by South Plains Financial, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: South Plains Financial, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is South Plains Financial, Inc.'s bank owned life insurance?
- South Plains Financial, Inc. (SPFI) reported bank owned life insurance of $78.12M in Q1 2026.
- How has South Plains Financial, Inc.'s bank owned life insurance changed year-over-year?
- South Plains Financial, Inc.'s bank owned life insurance increased by 2.2% year-over-year, from $76.46M to $78.12M.
- What is the long-term trend for South Plains Financial, Inc.'s bank owned life insurance?
- Over 5 years (2020 to 2025), South Plains Financial, Inc.'s bank owned life insurance has grown at a 1.9% compound annual growth rate (CAGR), from $70.73M to $77.69M.
- 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. It functions as a tax-advantaged investment vehicle used to offset the costs of employee benefit programs. The asset value reflects the bank's long-term capital allocation strategy.