Equias Alliance/Michael White Releases First Quarter 2016 BOLI Holdings Report

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Equias Alliance, LLC announced today the results of the first quarter 2016 Equias Alliance/ Michael White BOLI Holdings Report. The study analyzes Bank Owned Life Insurance(BOLI) holdings from a number of different perspectives including type of institution, size of institution and type of BOLI asset.

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BOLI continues to be attractive to banks and increases earnings/shareholder value; provides a solid investment return; and provides a means for banks to fund some of their benefits costs, according to David Shoemaker, President of Equias Alliance.

Equias Alliance, LLC announced today the results of the first quarter 2016 Equias Alliance/ Michael White BOLI Holdings Report.

The study analyzes BOLI holdings from a number of different perspectives including type of institution (e.g., national bank, savings banks, commercial banks, etc.), size of institution (e.g., banks under $100 million in assets, banks with $100 – 300 million in assets, etc.), and type of BOLI asset (i.e., general account, hybrid separate account, variable separate account). The findings are based on a review of FDIC data from 6,122 banks operating on March 31, 2016.

Among other things, the report showed that BOLI assets reached $157.6 billion as of March 31, 2016, reflecting a 4.4% increase from $151.0 billion at the end of the first quarter of 2015. Of the 6,122 banks in the survey, 60.9% now report holding BOLI assets. The number of banks owning BOLI has consistently risen each quarter over the past several years. Although variable separate account plans represent the largest portion of BOLI assets at 45.8%, this plan type is actually used by the fewest number of banks (484 banks). The type of plan most widely held by banks was general account with 95.8% of the banks with BOLI having this type of plan, oftentimes, in addition to other plan types such as hybrid separate account.

When asked the reasons why BOLI continues to be attractive to banks, David Shoemaker, CPA/PFS, CFP®, President of Equias Alliance, responded that BOLI increases earnings/shareholder value; provides a solid investment return; and provides a means for banks to fund some of their benefits costs such as retirement and health care expenses as well as executive/director nonqualified benefit plan costs.

To view a summary of all the key findings of The BOLI Holdings Report, please visit the Equias Alliance website at http://www.EquiasAlliance.com.

About Equias Alliance/Michael White Associates

Equias Alliance, LLC (“Equias”), through its group of nationwide consultants, has assisted over 800 community banks in the design and implementation of bank-owned life insurance (“BOLI”) as well as nonqualified benefit plans for selected executives. Equias has the experienced and professional staff (including attorneys and CPAs) needed to properly administer and oversee these plans. As evidence of its leadership position in the market, Equias has the exclusive endorsement of the ABA (through its subsidiary, the Corporation for American Banking) and 10 state banking associations for BOLI. Equias is headquartered in Memphis, Tennessee with 15 regional offices throughout the U.S. and can be contacted at http://www.EquiasAlliance.com.

Michael White Associates (“MWA”) is a bank insurance consulting firm headquartered in Radnor, PA, and can be contacted at http://www.BankInsurance.com. The Equias Alliance/Michael White BOLI Holdings Report™ is one of several MWA reports dealing with bank fee income activities as well as BOLI.

Securities offered through ProEquities, Inc., a Registered Broker/Dealer and member FINRA & SIPC. Equias Alliance, LLC is independent of ProEquities, Inc. Michael White is not a Registered Representative of ProEquites, Inc. nor a Representative of Equias Alliance, LLC.

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David Shoemaker, CPA/PFS, CFP®
Equias Alliance
+1 (901) 754-4924
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