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BANK OWNED LIFE INSURANCE

12 Months Ended

Dec. 31, 2017

BANK OWNED LIFE INSURANCE

BANK OWNED LIFE INSURANCE

NOTE 9: BANK OWNED LIFE INSURANCE

Bank-owned life insurance policies and the net change in cash surrender value during December 31, 2017, 2016 and 2015 are summarized as follows:

		For the Years Ended December 31,
(Dollars in thousands)		2017			2016			2015
Balance at beginning of year		$	51,430		$	50,441		$	34,084
Purchases			15,000			—			15,000
Redemptions			—			(367)			—
Earnings, net			1,580			1,356			1,357
Balance at end of year		$	68,010		$	51,430		$	50,441

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- Definition

The entire disclosure for corporate (COLI) or bank (BOLI) owned life insurance including the amount of cash surrender value that could be received as of the date of the statement of financial position, any restrictions on the company's ability to obtain the value of the life insurance policy on surrender, or any other additional information desired to be disclosed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 325
-URI http://asc.fasb.org/topic&trid=2197064

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