Endeavor Bancorp (Endeavor Bancorp) Credit Losses Provision : $1.20 Mil (As of Mar. 2024)

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What is Endeavor Bancorp Credit Losses Provision?

Endeavor Bancorp's credit losses provision for the three months ended in Mar. 2024 was $0.45 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $1.20 Mil.

Endeavor Bancorp's quarterly credit losses provision declined from Sep. 2023 ($0.30 Mil) to Dec. 2023 ($0.18 Mil) but then increased from Dec. 2023 ($0.18 Mil) to Mar. 2024 ($0.45 Mil).

Endeavor Bancorp's annual credit losses provision increased from Dec. 2021 ($0.99 Mil) to Dec. 2022 ($1.70 Mil) but then declined from Dec. 2022 ($1.70 Mil) to Dec. 2023 ($1.05 Mil).

Endeavor Bancorp Credit Losses Provision Historical Data

The historical data trend for Endeavor Bancorp'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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Endeavor Bancorp Credit Losses Provision Chart

Endeavor Bancorp Annual Data

Trend

Dec18

Dec19

Dec21

Dec22

Dec23

Credit Losses Provision

1.07

0.99

1.70

1.05

Endeavor Bancorp Quarterly Data
	Dec19	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial					0.29	0.27	0.30	0.18	0.45

Endeavor Bancorp 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 $1.20 Mil.

Endeavor Bancorp (Endeavor Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Endeavor Bancorp (OTCPK:EDVR) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 B Street, Suite 3110, San Diego, CA, USA, 92101

Website

https://www.bankendeavor.com

Endeavor Bancorp provides banking services. It offers business services that include business checking accounts, business money market accounts, and others, personal services consists of personal checking accounts, personal saving accounts, and others, Digital banking comprises of Mobile banking, Pay bills, Positive Pay and other related services, and loan services consists of Working Capital Revolving Lines of Credit, Equipment and Fixed Asset Term Loans, and others.

Endeavor Bancorp (Endeavor Bancorp) Headlines

From GuruFocus

Endeavor Bank Announces 2021 Third Quarter Financial Results

By PRNewswire PRNewswire • 11-20-2021

/C O R R E C T I O N -- Endeavor Bank/

By PRNewswire PRNewswire • 11-22-2021

Endeavor Bancorp Reports Net Income of $1.22 Million for the Third Quarter of 2023; Results Highlighted by Double Digit Loan and Deposit Growth Year Over Year

By Marketwired • 10-23-2023