BOLI continues to be a popular investment choice for a variety of banks. As of December 31, 2020, 3,137 banks nationwide reported cash surrender values on their regulatory filings. 67.6% of banks nationwide with assets between $100 million and $1 billion currently own BOLI. 

  • $184.6 billion of BOLI cash value now on bank’s financials as of 12/31/20 
    Banks with BOLI  Averages for Banks with BOLI 
Asset Size  Total Banks  #  %  Assets   ($000)  Capital ($000)3  BOLI
CSV ($000) 
% BOLI
to Capital 
% BOLI
to Assets 
$20+ Billion  96   75   78%  210,839,955   18,775,470   1,859,408   9.9%  0.9% 
$10-20 Billion  55   48   87%  14,814,897   1,443,826   181,927   12.6%  1.2% 
$5-10 Billion  103   81   79%  6,953,342   669,305   87,923   13.1%  1.3% 
$1-5 Billion  673   557   83%  1,983,063   196,968   28,338   14.4%  1.4% 
$750-999 Million  253   189   75%  867,024   91,359   13,857   15.2%  1.6% 
$500-749 Million  463   351   76%  608,214   62,592   9,525   15.2%  1.6% 
$250-499 Million  1,059   753   71%  358,906   37,925   6,128   16.2%  1.7% 
$100-249 Million  1,362   828   61%  167,923   18,831   2,979   15.8%  1.8% 
<$100 Million  978   389   40%  65,099   7,625   1,345   17.6%  2.1% 
                 

 

As of 12/31/2020

* Numbers in thousands 

Source: S&P Global Market Intelligence. Contains copyrighted and trade secret material distributed under license from SNL. For recipient’s internal use only.