ES Bancshares (ES Bancshares) Credit Losses Provision : $0.08 Mil (As of Mar. 2024)

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What is ES Bancshares Credit Losses Provision?

ES Bancshares's credit losses provision for the three months ended in Mar. 2024 was $0.04 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.08 Mil.

ES Bancshares's quarterly credit losses provision declined from Sep. 2023 ($0.09 Mil) to Dec. 2023 ($-0.08 Mil) but then increased from Dec. 2023 ($-0.08 Mil) to Mar. 2024 ($0.04 Mil).

ES Bancshares's annual credit losses provision declined from Dec. 2021 ($0.67 Mil) to Dec. 2022 ($-0.08 Mil) but then increased from Dec. 2022 ($-0.08 Mil) to Dec. 2023 ($0.02 Mil).

ES Bancshares Credit Losses Provision Historical Data

The historical data trend for ES Bancshares'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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ES Bancshares Credit Losses Provision Chart

ES Bancshares Annual Data

Trend

Dec09

Dec10

Dec11

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.33

2.78

0.67

-0.08

0.02

ES Bancshares Quarterly Data
	Dec17	Dec18	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															-0.02	0.03	0.09	-0.08	0.04

ES Bancshares 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 $0.08 Mil.

ES Bancshares (ES Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ES Bancshares Inc (OTCPK:ESBS) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1441 South Avenue, Suite 705, Staten Island, NY, USA, 10314

Website

https://www.esbna.com

ES Bancshares Inc is a bank holding company, which offers financial services. It offers a full line of checking, deposit, and loan products tailored to meet the specific needs of customers and businesses.

Executives

Andrew G Finklestein	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Walter Daszkowski	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Thomas D Weddell	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Philip Guarnieri	director, officer: President and COO	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Michael P Ostrow	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Anthony P Costa	director, officer: Chief Executive Officer	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Albert J Pagano	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Gale L Foster	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Thomas Sperzel	officer: SVP and CFO	75 WEST 125TH STREET, NEW YORK NY 10027
Arther W Budich	officer: EVP and CFO	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Harold L Kahn	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Peter J Savago	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Peter B Ferrante	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Bradford M Jones	director	19 CAYUGA STREET, SENECA FALLS NY 13148
Leslie M Apple	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550