California Bancorp (FRA:3SB) Credit Losses Provision : €0.99 Mil (As of Mar. 2024)

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What is California Bancorp Credit Losses Provision?

California Bancorp's credit losses provision for the three months ended in Mar. 2024 was €0.12 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €0.99 Mil.

California Bancorp's quarterly credit losses provision declined from Sep. 2023 (€0.29 Mil) to Dec. 2023 (€0.17 Mil) and declined from Dec. 2023 (€0.17 Mil) to Mar. 2024 (€0.12 Mil).

California Bancorp's annual credit losses provision increased from Dec. 2021 (€0.00 Mil) to Dec. 2022 (€3.56 Mil) but then declined from Dec. 2022 (€3.56 Mil) to Dec. 2023 (€1.19 Mil).

California Bancorp Credit Losses Provision Historical Data

The historical data trend for California 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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California Bancorp Credit Losses Provision Chart

California Bancorp Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.09

4.01

3.56

1.19

California Bancorp 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															0.33	0.41	0.29	0.17	0.12

California 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 €0.99 Mil.

California Bancorp (FRA:3SB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » California Bancorp (FRA:3SB) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

CALB:USA

Address

1300 Clay Street, Suite 500, Oakland, CA, USA, 94612

Website

https://www.californiabankofcommerce.com

California Bancorp is a holding company for California Bank of Commerce. The company primarily serves business and professional corporations with a variety of business-focused financial services. Some of the products and services that the bank offers include commercial checking, savings and money market accounts, certificates of deposit, treasury and cash management services, foreign exchange services, commercial and industrial loans, asset-based loans, loans to dental and veterinary professionals, commercial real estate loans, residential and commercial construction and development loans, online banking, and mobile banking. Most of the company's business activity is with customers located within the San Francisco Bay Area counties.

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