Tompkins Financial TMP Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

KeyCorpKEY

$4.44B+0.8%

Financial InstitutionsFISI

$179.16M-26.2%

F.N.B. CorporationFNB

$674M+1.4%

CTB

Community Trust BancorpCTBI

$124.31M+7.1%

FRA

Franklin Financial Services CorporationFRAF

$22.52M-1.9%

HBT

HBT Financial, Inc.HBT

$37.88M+55.8%

FAQ

What is Tompkins Financial's bank owned life insurance?

Tompkins Financial (TMP) reported bank owned life insurance of $79.03M in Q2 2026.

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

Tompkins Financial's bank owned life insurance increased by 2.9% year-over-year, from $76.84M to $79.03M.

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

Over 5 years (2020 to 2025), Tompkins Financial's bank owned life insurance has grown at a -1.7% compound annual growth rate (CAGR), from $84.74M to $77.84M.

What does bank owned life insurance mean?

The cash surrender value of life insurance policies held by the bank on the lives of key employees or executives. This asset serves as a tax-advantaged vehicle to offset the costs of employee benefit programs and provides liquidity for long-term liabilities. It represents a stable, non-interest-bearing asset class used for balance sheet management.