What does taxable bank-owned life insurance policies mean?

Captures the deferred tax liability associated with the cash surrender value of bank-owned life insurance (BOLI) policies. This reflects the tax consequences of the growth in policy value that will eventually be subject to taxation upon surrender or death benefit realization. It is a measure of the tax-deferred nature of long-term corporate insurance investments.

Tompkins Financial TMP Taxable bank-owned life insurance policies

Taxable bank-owned life insurance policies at other companies

Southern Missouri BancorpSMBC

$77.16M+2.7%

Orrstown Financial ServicesORRF

$145.96M+0.8%

Farmers National Banc CorpFMNB

$153.09M+31.1%

Camden NationalCAC

$112.49M+2.9%

Mercantile Bank CorporationMBWM

$170.75K+29.1%

Financial InstitutionsFISI

$2.77M-0.2%

Other financials

Income statement

See full

Revenue$83.7M+2.4%

Net income$26.1M+32.5%

EPS (diluted)$1.82+32.8%

Balance sheet

See full

Cash & equivalents$171.4M-11.2%

Total debt$122.1M-71.4%

Total equity$946.7M+27.7%

Total assets$8.7B+6.1%

Cash flow

See full

Operating cash flow$73.4M+230%

CapEx$2.3M+72.2%

Free cash flow$71.1M+241%

Valuation

See full

Market cap$1.34B+53.1%

P/E8×-3.9×

P/S3×+0.1×

Profitability

See full

Net margin37.3%+13.4pp

FCF margin28.8%0.0pp

Returns & leverage

See full

Return on equity19.8%+9.4pp

Debt / equity0.1×-0.5×

Where this comes from

Reported directly by Tompkins Financial in its filing.

Tagged under the XBRL concept tmp:DeferredTaxLiabilitiesTaxableBankOwnedLifeInsurancePolicies.

The official record: Tompkins Financial’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

Ask your AI about Tompkins Financial's taxable bank-owned life insurance policies.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Tompkins Financial's taxable bank-owned life insurance policies?: Tompkins Financial (TMP) reported taxable bank-owned life insurance policies of $0 in Q4 2025.
What does taxable bank-owned life insurance policies mean?: Captures the deferred tax liability associated with the cash surrender value of bank-owned life insurance (BOLI) policies. This reflects the tax consequences of the growth in policy value that will eventually be subject to taxation upon surrender or death benefit realization. It is a measure of the tax-deferred nature of long-term corporate insurance investments.