First Farmers Financial (First Farmers Financial) Credit Losses Provision : $6.9 Mil (As of Mar. 2024)

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What is First Farmers Financial Credit Losses Provision?

First Farmers Financial's credit losses provision for the three months ended in Mar. 2024 was $3.2 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $6.9 Mil.

First Farmers Financial's quarterly credit losses provision increased from Sep. 2023 ($1.1 Mil) to Dec. 2023 ($1.3 Mil) and increased from Dec. 2023 ($1.3 Mil) to Mar. 2024 ($3.2 Mil).

First Farmers Financial's annual credit losses provision declined from Dec. 2021 ($9.5 Mil) to Dec. 2022 ($5.9 Mil) and declined from Dec. 2022 ($5.9 Mil) to Dec. 2023 ($5.1 Mil).

First Farmers Financial Credit Losses Provision Historical Data

The historical data trend for First Farmers 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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First Farmers Financial Credit Losses Provision Chart

First Farmers Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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4.63

10.40

9.50

5.90

5.05

First Farmers 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															1.35	1.35	1.05	1.30	3.18

First Farmers 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 $6.9 Mil.

First Farmers Financial (First Farmers Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Farmers Financial Corp (OTCPK:FFMR) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 North Jefferson Street, Converse, IN, USA, 46919

Website

https://www.ffbt.com

First Farmers Financial Corp and its subsidiaries operate in the banking industry. The bank categorized its services into personal, business, borrowing, and investment divisions. Its products and services include deposits, retirement and health saving accounts, consumer loans, home equity, and account management and leasing. The bank makes commercial, installment and mortgage loans to and receives deposits from customers through its offices located in the Indiana counties of Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo, and Wabash; and Illinois counties of Coles, Edgar, and Vermilion.