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Bank-Owned Life Insurance
3 Months Ended
Mar. 31, 2024
Bank-Owned Life Insurance [Abstract]  
Bank-Owned Life Insurance Note 9 – Bank-Owned Life Insurance

BOLI involves life insurance purchased by the Bank on a chosen group of employees, and the Bank is owner and beneficiary of the policies. At March 31, 2024 the Bank had $74.1 million in BOLI. BOLI is recorded at its net realizable value.