Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Credit Losses Provision : $-0.30 Mil (As of Mar. 2024)

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What is Farmers and Merchants Bancshares (MD) Credit Losses Provision?

Farmers and Merchants Bancshares (MD)'s credit losses provision for the three months ended in Mar. 2024 was $0.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.30 Mil.

Farmers and Merchants Bancshares (MD)'s quarterly credit losses provision increased from Sep. 2023 ($-0.08 Mil) to Dec. 2023 ($0.00 Mil) but then stayed the same from Dec. 2023 ($0.00 Mil) to Mar. 2024 ($0.00 Mil).

Farmers and Merchants Bancshares (MD)'s annual credit losses provision increased from Dec. 2021 ($0.33 Mil) to Dec. 2022 ($0.48 Mil) but then declined from Dec. 2022 ($0.48 Mil) to Dec. 2023 ($-0.57 Mil).

Farmers and Merchants Bancshares (MD) Credit Losses Provision Historical Data

The historical data trend for Farmers and Merchants Bancshares (MD)'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 and Merchants Bancshares (MD) Credit Losses Provision Chart

Farmers and Merchants Bancshares (MD) Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec21

Dec22

Dec23

Credit Losses Provision

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0.17

0.33

0.48

-0.57

Farmers and Merchants Bancshares (MD) Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-0.27	-0.23	-0.08	-	-

Farmers and Merchants Bancshares (MD) 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 $-0.30 Mil.

Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers and Merchants Bancshares Inc (MD) (OTCPK:FMFG) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

15226 Hanover Pike, Upperco, MD, USA, 21155

Website

http://www.farmersandmerchantsbk.com

Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank operates five banking offices located in Northern Baltimore County and Carroll County, Maryland. It provides services of checking accounts, saving accounts, re-order checks and among others.