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BANK OWNED LIFE INSURANCE
12 Months Ended
Dec. 31, 2025
Investments, All Other Investments [Abstract]  
BANK OWNED LIFE INSURANCE

NOTE 16 BANK OWNED LIFE INSURANCE

 

The Bank had no bank owned life insurance policies as of December 31, 2025.

 

During 2024 one bank owned life insurance policy was surrendered at market value resulting in a loss of approximately $49,000. In December 2024, a death benefit receivable of $5.4 million was recorded, resulting in an income accrual of $1.6 million.