1st Cap Bancorp (1st Cap Bancorp) Credit Losses Provision : $4.90 Mil (As of Mar. 2024)

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What is 1st Cap Bancorp Credit Losses Provision?

1st Cap Bancorp's credit losses provision for the three months ended in Mar. 2024 was $1.20 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $4.90 Mil.

1st Cap Bancorp's quarterly credit losses provision increased from Sep. 2023 ($1.16 Mil) to Dec. 2023 ($1.48 Mil) but then declined from Dec. 2023 ($1.48 Mil) to Mar. 2024 ($1.20 Mil).

1st Cap Bancorp's annual credit losses provision increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.50 Mil) and increased from Dec. 2022 ($0.50 Mil) to Dec. 2023 ($4.39 Mil).

1st Cap Bancorp Credit Losses Provision Historical Data

The historical data trend for 1st Cap 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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1st Cap Bancorp Credit Losses Provision Chart

1st Cap Bancorp Annual Data

Trend

Dec08

Dec09

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.15

0.50

4.39

1st Cap Bancorp 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															0.69	1.05	1.16	1.48	1.20

1st Cap 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 $4.90 Mil.

1st Cap Bancorp (1st Cap Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Cap Bancorp (OTCPK:FISB) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

150 Main Street, Suite 150, Salinas, CA, USA, 93901

Website

https://www.1stcapital.bank

1st Cap Bancorp, formerly 1st Capital Bank operates as a community bank. It provides a wide range of credit products, including loans under various government programs such as those provided through the U.S. small business administration and the U.S. Department of agriculture. In addition, the bank also provides cash management services. The bank serves commercial enterprises, professionals, real estate investors, family business entities, and residents along the Central Coast Region of California.