Virginia National Bankshares Corporation VABK Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Segments
By segment
Other financials
Where this comes from
Reported directly by Virginia National Bankshares Corporation in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The official record: Virginia National Bankshares Corporation’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →
Ask your AI about Virginia National Bankshares Corporation's bank owned life insurance income.
Connect your AI assistant and compare it to peers, right in your chat.
Connect your AI
Claude
Questions, answered.
- What is Virginia National Bankshares Corporation's bank owned life insurance income?
- Virginia National Bankshares Corporation (VABK) reported bank owned life insurance income of $319K in Q1 2026.
- How has Virginia National Bankshares Corporation's bank owned life insurance income changed year-over-year?
- Virginia National Bankshares Corporation's bank owned life insurance income increased by 8.9% year-over-year, from $293K to $319K.
- What is the long-term trend for Virginia National Bankshares Corporation's bank owned life insurance income?
- Over 4 years (2021 to 2025), Virginia National Bankshares Corporation's bank owned life insurance income has grown at a 15.1% compound annual growth rate (CAGR), from $708K to $1.24M.
- What does bank owned life insurance income mean?
- This represents the income or increase in cash surrender value derived from life insurance policies purchased by the bank on the lives of key employees or directors. It is a common financial tool used by banks to offset the costs of employee benefit plans and provide tax-advantaged earnings. This income stream is generally stable and serves as a supplementary source of noninterest revenue.