Cash Value of Life Insurance

12 Months Ended

Dec. 31, 2019

Cash Value of Life Insurance [Abstract]

Cash Value of Life Insurance

Note 8 – Cash Value of Life Insurance

A summary of the activity in the balance of cash value of life insurance follows (dollars in thousands):

	Year ended December 31,
	2019		2018
Beginning balance	$	117,318	$	97,783
Acquired policies from business combination	—		16,817
Increase in cash value of life insurance	3,029		2,718
Gain on death benefit	831		—
Insurance proceeds receivable reclassified to other assets	(3,355)		—
Ending balance	$	117,823	$	117,318
End of period death benefit	$	199,084	$	200,249
Number of policies owned	189		196
Insurance companies used	14		14
Current and former employees and directors covered	63		66