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Redwood Capital Bancorp (Redwood Capital Bancorp) Credit Losses Provision : $0.06 Mil (As of Dec. 2023)


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What is Redwood Capital Bancorp Credit Losses Provision?

Redwood Capital Bancorp's credit losses provision for the six months ended in Dec. 2023 was $0.06 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.06 Mil.

Redwood Capital Bancorp's quarterly credit losses provision increased from Dec. 2021 ($0.14 Mil) to Dec. 2022 ($0.24 Mil) but then declined from Dec. 2022 ($0.24 Mil) to Dec. 2023 ($0.06 Mil).

Redwood Capital Bancorp's annual credit losses provision increased from Dec. 2021 ($0.14 Mil) to Dec. 2022 ($0.24 Mil) but then declined from Dec. 2022 ($0.24 Mil) to Dec. 2023 ($0.06 Mil).

Redwood Capital Bancorp Credit Losses Provision Historical Data

The historical data trend for Redwood Capital 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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Redwood Capital Bancorp Credit Losses Provision Chart

Redwood Capital Bancorp Annual Data
Trend Dec04 Dec05 Dec06 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial 0.23 1.24 0.14 0.24 0.06

Redwood Capital Bancorp Semi-Annual Data
Dec04 Dec05 Dec06 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision Get a 7-Day Free Trial 0.23 1.24 0.14 0.24 0.06

Redwood Capital 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.06 Mil.

* 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.

Redwood Capital Bancorp (Redwood Capital Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Redwood Capital Bancorp (OTCPK:RWCB) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
N/A
Address
402 G Street, Eureka, CA, USA, 95501
Website
https://www.redwoodcapitalbank.com
Redwood Capital Bancorp provides various banking products and services. The company offers personal such as savings and certificates, real estate loans, and home equity loans; business services such as commercial lending, and money market accounts; online banking info, fraud prevention and other services.