First Berlin Bancorp (First Berlin Bancorp) Credit Losses Provision : $0.55 Mil (As of Mar. 2024)

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What is First Berlin Bancorp Credit Losses Provision?

First Berlin Bancorp's credit losses provision for the three months ended in Mar. 2024 was $0.15 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.55 Mil.

First Berlin Bancorp's quarterly credit losses provision stayed the same from Sep. 2023 ($0.15 Mil) to Dec. 2023 ($0.15 Mil) and stayed the same from Dec. 2023 ($0.15 Mil) to Mar. 2024 ($0.15 Mil).

First Berlin Bancorp's annual credit losses provision increased from Dec. 2021 ($0.30 Mil) to Dec. 2022 ($0.45 Mil) but then stayed the same from Dec. 2022 ($0.45 Mil) to Dec. 2023 ($0.45 Mil).

First Berlin Bancorp Credit Losses Provision Historical Data

The historical data trend for First Berlin 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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First Berlin Bancorp Credit Losses Provision Chart

First Berlin Bancorp Annual Data

Trend

Dec21

Dec22

Dec23

Credit Losses Provision

0.30

0.45

First Berlin Bancorp Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial						0.05	0.10	0.15	0.15	0.15

First Berlin 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 $0.55 Mil.

First Berlin Bancorp (First Berlin Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Berlin Bancorp Inc (OTCPK:FTFI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 W Huron Street, Berlin, WI, USA, 54923

Website

https://www.fortifibank.com

First Berlin Bancorp Inc provides a full range of banking products and services to businesses and consumers through a nine-branch network ranging from south-central to northeast Wisconsin. Some of its services include Checking Accounts; Personal, Home and Auto Loans; Treasury Management; Online and Mobile Banking, and others.

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