XML 34 R22.htm IDEA: XBRL DOCUMENT

BANK OWNED LIFE INSURANCE	12 Months Ended
Dec. 31, 2017
Bank Owned Life Insurance
BANK OWNED LIFE INSURANCE	NOTE 15 BANK OWNED LIFE INSURANCE At December 31, 2017 and 2016, we had an aggregate total cash surrender value of $4.5 million and $12.3 million, respectively, on life insurance policies covering current and former key officers. In December 2017 several policies were surrended, due to their lagging financial performance. This transaction resulted in net proceeds of $7.6 million after the effect of a tax penalty of $318 thousand. Total income for the policies during 2017 and 2016 was $115 thousand and $169 thousand, respectively.

BANK OWNED LIFE INSURANCE

12 Months Ended

Dec. 31, 2017

NOTE 15 BANK OWNED LIFE INSURANCE

At December 31, 2017 and 2016, we had an aggregate total cash surrender value of $4.5 million and $12.3 million, respectively, on life insurance policies covering current and former key officers. In December 2017 several policies were surrended, due to their lagging financial performance. This transaction resulted in net proceeds of $7.6 million after the effect of a tax penalty of $318 thousand.

Total income for the policies during 2017 and 2016 was $115 thousand and $169 thousand, respectively.