Linkbancorp (Linkbancorp) Credit Losses Provision : $9.04 Mil (As of Mar. 2024)

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What is Linkbancorp Credit Losses Provision?

Linkbancorp's credit losses provision for the three months ended in Mar. 2024 was $0.04 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $9.04 Mil.

Linkbancorp's quarterly credit losses provision increased from Sep. 2023 ($-0.35 Mil) to Dec. 2023 ($9.84 Mil) but then declined from Dec. 2023 ($9.84 Mil) to Mar. 2024 ($0.04 Mil).

Linkbancorp's annual credit losses provision increased from Dec. 2021 ($0.65 Mil) to Dec. 2022 ($1.29 Mil) and increased from Dec. 2022 ($1.29 Mil) to Dec. 2023 ($9.30 Mil).

Linkbancorp Credit Losses Provision Historical Data

The historical data trend for Linkbancorp'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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Linkbancorp Credit Losses Provision Chart

Linkbancorp Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

0.18

0.65

1.29

9.30

Linkbancorp Quarterly Data
	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											0.29	-0.49	-0.35	9.84	0.04

Linkbancorp 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 $9.04 Mil.

Linkbancorp (Linkbancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Linkbancorp Inc (NAS:LNKB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1250 Camp Hill Bypass, Suite 202, Camp Hill, PA, USA, 17011

Website

https://ir.linkbancorp.com

Linkbancorp Inc operates in the banking industry. It provides banking services for individuals and businesses such as commercial lending, non-profit banking, treasury management, deposits and loans.

Executives

Andrew S Samuel	director, officer: CEO and Vice Chairman	102 WEST BAKER STREET, PLANT CITY FL 33563
William Lloyd Jones	director	3045 MARKET STREET, CAMP HILL PA 17011
Diane Poillon	director	3045 MARKET STREET, CAMP HILL PA 17011
Debra Pierson	director	3045 MARKET STREET, CAMP HILL PA 17011
Tiffanie Horton	officer: Chief Credit Officer	3045 MARKET STREET, CAMP HILL PA 17011
Michetti Joseph C Jr	director	3045 MARKET STREET, CAMP HILL PA 17011
David H Koppenhaver	director	3045 MARKET STREET, CAMP HILL PA 17011
Kristen Snyder	director	3045 MARKET STREET, CAMP HILL PA 17011
Jennifer Delaye	director	3045 MARKET STREET, CAMP HILL PA 17011
Anson Flake	director	3045 MARKET STREET, CAMP HILL PA 17011
Brent S. Smith	director, officer: EVP	102 WEST BAKER STREET, PLANT CITY FL 33563
Kristofer A Paul	officer: Chief Financial Officer	3045 MARKET STREET, CAMP HILL PA 17011
William E Pommerening	director	102 WEST BAKER STREET, PLANT CITY FL 33563
Carl D Lundblad	officer: President and CRO	3045 MARKET STREET, CAMP HILL PA 17011
Steven I Tressler	director	3045 MARKET STREET, CAMP HILL PA 17011