Third Coast Bancshares, Inc. TCBX Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Third Coast Bancshares, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Third Coast Bancshares, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Third Coast Bancshares, Inc.'s bank owned life insurance?
- Third Coast Bancshares, Inc. (TCBX) reported bank owned life insurance of $77.11M in Q1 2026.
- How has Third Coast Bancshares, Inc.'s bank owned life insurance changed year-over-year?
- Third Coast Bancshares, Inc.'s bank owned life insurance increased by 4.2% year-over-year, from $74.02M to $77.11M.
- What is the long-term trend for Third Coast Bancshares, Inc.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Third Coast Bancshares, Inc.'s bank owned life insurance has grown at a 24.1% compound annual growth rate (CAGR), from $25.96M to $76.36M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies held by the bank on the lives of its officers or employees. The bank acts as the beneficiary, and the growth in this asset provides a tax-advantaged way to offset the costs of employee benefit plans. It serves as a stable, long-term asset that contributes to non-interest income through periodic increases in cash value.