First Financial Corporation THFF Bank Owned Life Insurance

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FAQ

What is First Financial Corporation's bank owned life insurance?

First Financial Corporation (THFF) reported bank owned life insurance of $137.15M in Q2 2026.

How has First Financial Corporation's bank owned life insurance changed year-over-year?

First Financial Corporation's bank owned life insurance increased by 5.4% year-over-year, from $130.07M to $137.15M.

What is the long-term trend for First Financial Corporation's bank owned life insurance?

Over 5 years (2020 to 2025), First Financial Corporation's bank owned life insurance has grown at a 6.5% compound annual growth rate (CAGR), from $95.85M to $131.29M.

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, providing a tax-advantaged vehicle to offset the costs of employee benefit programs. It serves as a long-term financial asset that contributes to non-interest income and supports the bank's overall capital structure.