Tompkins Financial TMP Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by Tompkins Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The official record: Tompkins Financial’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Tompkins Financial's bank owned life insurance income?
- Tompkins Financial (TMP) reported bank owned life insurance income of $645K in Q1 2026.
- How has Tompkins Financial's bank owned life insurance income changed year-over-year?
- Tompkins Financial's bank owned life insurance income increased by 4.9% year-over-year, from $615K to $645K.
- What is the long-term trend for Tompkins Financial's bank owned life insurance income?
- Over 4 years (2021 to 2025), Tompkins Financial's bank owned life insurance income has grown at a 6.5% compound annual growth rate (CAGR), from $1.88M to $2.42M.
- What does bank owned life insurance income mean?
- Reflects the increase in the cash surrender value of corporate-owned life insurance policies held on the lives of key employees. This income represents a tax-advantaged financial instrument used by financial institutions to offset the costs of employee benefit programs. It serves as a stable, non-interest income stream that contributes to overall profitability.