Citba Financial (Citba Financial) Credit Losses Provision : $0.32 Mil (As of Mar. 2024)

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What is Citba Financial Credit Losses Provision?

Citba Financial's credit losses provision for the three months ended in Mar. 2024 was $0.03 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.32 Mil.

Citba Financial's quarterly credit losses provision increased from Sep. 2023 ($0.09 Mil) to Dec. 2023 ($0.13 Mil) but then declined from Dec. 2023 ($0.13 Mil) to Mar. 2024 ($0.03 Mil).

Citba Financial's annual credit losses provision increased from Dec. 2021 ($-0.40 Mil) to Dec. 2022 ($0.48 Mil) but then declined from Dec. 2022 ($0.48 Mil) to Dec. 2023 ($0.37 Mil).

Citba Financial Credit Losses Provision Historical Data

The historical data trend for Citba 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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Citba Financial Credit Losses Provision Chart

Citba Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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-0.22

0.23

-0.40

0.48

0.37

Citba Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.09	0.07	0.09	0.13	0.03

Citba 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.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.32 Mil.

Citba Financial (Citba Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citba Financial Corp (OTCPK:CBAF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 North Indiana Street, Mooresville, IN, USA, 46158

Website

https://www.citizens-banking.com

Citba Financial Corp is a financial service provider. It functions through its wholly-owned subsidiary. The company is a bank holding company whose principal activity is the ownership and management of the Bank. It operates under a state bank charter and provides full banking services including personal and business banking facilities such as banking, checking, savings, business checking, business saving, and commercial loans. The Bank generates commercial, mortgage, and consumer loans and receives deposits from customers located in the United States. The Company generates revenues from Deposit Services and Card Services Income.

Citba Financial (Citba Financial) Headlines

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