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Bank-Owned Life Insurance
9 Months Ended
Sep. 30, 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 September 30, 2024 the Bank had $75.4 million in BOLI. BOLI is recorded at its net realizable value.