Red River Bancshares (FRA:7RR) Credit Losses Provision : €0.96 Mil (As of Mar. 2024)

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What is Red River Bancshares Credit Losses Provision?

Red River Bancshares's credit losses provision for the three months ended in Mar. 2024 was €0.28 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €0.96 Mil.

Red River Bancshares's quarterly credit losses provision increased from Sep. 2023 (€0.17 Mil) to Dec. 2023 (€0.23 Mil) and increased from Dec. 2023 (€0.23 Mil) to Mar. 2024 (€0.28 Mil).

Red River Bancshares's annual credit losses provision declined from Dec. 2021 (€1.68 Mil) to Dec. 2022 (€1.65 Mil) and declined from Dec. 2022 (€1.65 Mil) to Dec. 2023 (€0.67 Mil).

Red River Bancshares Credit Losses Provision Historical Data

The historical data trend for Red River Bancshares'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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Red River Bancshares Credit Losses Provision Chart

Red River Bancshares Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.63

5.17

1.68

1.65

0.67

Red River Bancshares 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															-	0.28	0.17	0.23	0.28

Red River Bancshares 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 €0.96 Mil.

Red River Bancshares (FRA:7RR) Business Description

Industry

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RRBI:USA

Address

1412 Centre Court Drive, Suite 501, Alexandria, LA, USA, 71301

Website

https://www.redriverbank.net

Red River Bancshares Inc is the bank holding company for the red river bank. The principal business of the Bank is lending and accepting deposits from businesses, professionals, individuals, and public entities. The bank's primary deposit products are demand deposits, savings deposits, and time deposits. The bank maintains a diversified loan portfolio with a focus on commercial real estate (Owner Occupied and Non-Owner Occupied), one-to-four-family residential, commercial, and industrial loans, construction and development Loans, and others. also, provides Treasury Management Services, Private Banking Services, Brokerage Services, and Other Banking Services.

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