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Tectonic Financial (Tectonic Financial) Credit Losses Provision : $0.08 Mil (As of Mar. 2019)


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What is Tectonic Financial Credit Losses Provision?

Tectonic Financial's credit losses provision for the six months ended in Mar. 2019 was $0.08 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2019 was $0.08 Mil.

Tectonic Financial's quarterly credit losses provision increased from . 20 ($0.00 Mil) to Mar. 2018 ($0.24 Mil) but then declined from Mar. 2018 ($0.24 Mil) to Mar. 2019 ($0.08 Mil).

Tectonic Financial Credit Losses Provision Historical Data

The historical data trend for Tectonic Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tectonic Financial Credit Losses Provision Chart

Tectonic Financial Annual Data
Trend
Credit Losses Provision

Tectonic Financial Semi-Annual Data
Mar18 Mar19
Credit Losses Provision 0.24 0.08

Tectonic Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2019 was $0.08 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tectonic Financial (Tectonic Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tectonic Financial Inc (NAS:TECTP.PFD) » Definitions » Credit Losses Provision
Comparable Companies
Traded in Other Exchanges
N/A
Address
16200 Dallas Parkway, Suite 190, Dallas, TX, USA, 75248
Website
https://www.t.financial
Tectonic Financial Inc is a financial holding company that offers banking, trust, investment advisory, securities brokerage, and insurance services to high net worth individuals, small businesses, and institutions. It operates through three business segments including Banking; Other Financial Services and HoldCo. The company generates maximum revenue from the Banking segment.
Executives
George L Ball director, officer: Executive Co-Chairman C/O SANDERS MORRIS HARRIS INC 600 TRAVIS #3100 HOUSTON TX 77002
A Haag Sherman director, 10 percent owner, officer: Chairman 600 TRAVIS STREET, SUITE 5900, HOUSTON TX 77002

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