Farmers Bank of Appomattox (Farmers Bank of Appomattox) Credit Losses Provision : $0.21 Mil (As of Mar. 2024)

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What is Farmers Bank of Appomattox Credit Losses Provision?

Farmers Bank of Appomattox's credit losses provision for the three months ended in Mar. 2024 was $0.15 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.21 Mil.

Farmers Bank of Appomattox's quarterly credit losses provision increased from Sep. 2023 ($0.03 Mil) to Dec. 2023 ($0.04 Mil) and increased from Dec. 2023 ($0.04 Mil) to Mar. 2024 ($0.15 Mil).

Farmers Bank of Appomattox's annual credit losses provision increased from Dec. 2021 ($0.10 Mil) to Dec. 2022 ($0.33 Mil) but then declined from Dec. 2022 ($0.33 Mil) to Dec. 2023 ($0.23 Mil).

Farmers Bank of Appomattox Credit Losses Provision Historical Data

The historical data trend for Farmers Bank of Appomattox'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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Farmers Bank of Appomattox Credit Losses Provision Chart

Farmers Bank of Appomattox Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.07

0.14

0.10

0.33

0.23

Farmers Bank of Appomattox Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.16	0.15	0.03	0.04	0.15

Farmers Bank of Appomattox 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 $0.21 Mil.

Farmers Bank of Appomattox (Farmers Bank of Appomattox) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers Bank of Appomattox (OTCPK:FBPA) » Definitions » Credit Losses Provision

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Address

223 Main Street, Appomattox, VA, USA, 24522

Website

https://www.thefarmersbankva.com

Farmers Bank of Appomattox provides banking services. It is engaged in personal and business banking services including checking & savings, certificate of deposit, loans/mortgages, commercial checking, and commercial loans.

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