Cash Value of Life Insurance

12 Months Ended

Dec. 31, 2020

A summary of the activity in the balance of cash value of life insurance follows:


	Year ended December 31,
(in thousands)	2020		2019
Beginning balance	$	117,823	$	117,318
Acquired policies from business combination	—		—
Increase in cash value of life insurance	2,949		3,029
Gain on death benefit	498		831
Insurance proceeds receivable reclassified to other assets	(2,400)		(3,355)
Ending balance	$	118,870	$	117,823
End of period death benefit	$	197,379	$	199,084
Number of policies owned	183		189
Insurance companies used	14		14
Current and former employees and directors covered	62		63