Blue Foundry Bancorp (Blue Foundry Bancorp) Allowance For Loans And Lease Losses : $-14.15 Mil (As of Dec. 2023)

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What is Blue Foundry Bancorp Allowance For Loans And Lease Losses?

Blue Foundry Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-14.15 Mil.

Blue Foundry Bancorp's quarterly Allowance For Loans And Lease Losses increased from Jun. 2023 ($-14.41 Mil) to Sep. 2023 ($-13.87 Mil) but then declined from Sep. 2023 ($-13.87 Mil) to Dec. 2023 ($-14.15 Mil).

Blue Foundry Bancorp's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-14.43 Mil) to Dec. 2022 ($-13.40 Mil) but then declined from Dec. 2022 ($-13.40 Mil) to Dec. 2023 ($-14.15 Mil).

Blue Foundry Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for Blue Foundry Bancorp's Allowance For Loans And Lease Losses 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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Blue Foundry Bancorp Allowance For Loans And Lease Losses Chart

Blue Foundry Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

-14.50

-16.96

-14.43

-13.40

-14.15

Blue Foundry Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial												-13.40	-14.15	-14.41	-13.87	-14.15

Blue Foundry Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Blue Foundry Bancorp Allowance For Loans And Lease Losses Related Terms

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Blue Foundry Bancorp (Blue Foundry Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Blue Foundry Bancorp (NAS:BLFY) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Park Avenue, Rutherford, NJ, USA, 07070

Website

https://www.bluefoundrybank.com

Blue Foundry Bancorp is a full-service bank. Its business consists of originating one-to-four-family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans. It attracts retail deposits from the general public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a wide variety of deposit products. The bank also invests in securities. Its revenues are derived from interest on loans and, to a lesser extent, interest on mortgage-backed and other investment securities. The company's sources of funds are deposits, principal, and interest payments on loans, securities, and borrowings from the Federal Home Loan Bank of New York.

Executives

James Christopher Ely	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Jonathan M. Shaw	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Elizabeth Varki Jobes	director	640 LEE ROAD, CHESTERBROOK PA 19087
Robert Thomas Goldstein	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Kenneth Grimbilas	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Jason M. Goldberg	officer: EVP and Chief Lending Officer	19 PARK AVENUE, RUTHERFORD NJ 07070
James D Nesci	director, officer: President and CEO	830 BERGEN AVENUE, JERSEY CITY NJ 07306
Robert Rowe	officer: EVP and Chief Risk Officer	C/O CIT GROUP INC., ATTN:GENERAL COUNSEL, 1 CIT DRIVE, LIVINGSTON NJ 07039
Patrick H. Kinzler	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Margaret Letsche	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Kelly Pecoraro	officer: EVP and CFO	19 PARK AVENUE, RUTHERFORD NJ 07070
Alexander Agnoletto	officer: Controller and Interim CFO	19 PARK AVENUE, RUTHERFORD NJ 07070
Brent Michael Ciurlino	officer: EVP and CCO	19 PARK AVENUE, RUTHERFORD NJ 07070
Elizabeth Marie Miller	officer: EVP and CRO	19 PARK AVENUE, RUTHERFORD NJ 07070
Aleksander Malkiman	officer: EVP and Chief Tech Officer	19 PARK AVENUE, RUTHERFORD NJ 07070