Virginia National Bankshares Corporation VABK Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

National BanksharesNKSH

$48.87M+2.5%

First National Corp.FXNC

$38.84M+1.8%

LCNBLCNB

$55.78M+2.6%

C&F FinancialCFFI

$21.91M+2.8%

Bank of the James Financial GroupBOTJ

$23.89M+3.4%

Farmers National Banc CorpFMNB

$153.09M+31.1%

Questions, answered.

What is Virginia National Bankshares Corporation's bank owned life insurance?

Virginia National Bankshares Corporation (VABK) reported bank owned life insurance of $41.62M in Q1 2026.

How has Virginia National Bankshares Corporation's bank owned life insurance changed year-over-year?

Virginia National Bankshares Corporation's bank owned life insurance increased by 3.1% year-over-year, from $40.35M to $41.62M.

What is the long-term trend for Virginia National Bankshares Corporation's bank owned life insurance?

Over 5 years (2020 to 2025), Virginia National Bankshares Corporation's bank owned life insurance has grown at a 19.6% compound annual growth rate (CAGR), from $16.85M to $41.3M.

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 key employees or officers. The bank acts as both the owner and beneficiary, using these policies to offset the costs of employee benefit plans. It serves as a tax-advantaged asset that provides long-term financial stability.