Waynevings Bancshares (Waynevings Bancshares) Credit Losses Provision : $0.19 Mil (As of Mar. 2024)

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What is Waynevings Bancshares Credit Losses Provision?

Waynevings Bancshares's credit losses provision for the three months ended in Mar. 2024 was $-0.13 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.19 Mil.

Waynevings Bancshares's quarterly credit losses provision declined from Sep. 2023 ($0.14 Mil) to Dec. 2023 ($0.00 Mil) and declined from Dec. 2023 ($0.00 Mil) to Mar. 2024 ($-0.13 Mil).

Waynevings Bancshares's annual credit losses provision increased from Dec. 2021 ($0.75 Mil) to Dec. 2022 ($1.22 Mil) but then declined from Dec. 2022 ($1.22 Mil) to Dec. 2023 ($0.53 Mil).

Waynevings Bancshares Credit Losses Provision Historical Data

The historical data trend for Waynevings 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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Waynevings Bancshares Credit Losses Provision Chart

Waynevings Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.41

1.29

0.75

1.22

0.53

Waynevings 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															0.22	0.17	0.14	-	-0.13

Waynevings 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 $0.19 Mil.

Waynevings Bancshares (Waynevings Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wayne Savings Bancshares Inc (OTCPK:WAYN) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 North Market Street, Wooster, OH, USA, 44691

Website

https://www.waynesavings.com

Wayne Savings Bancshares Inc a bank holding company. It offers services such as checking accounts, savings, business loans, online banking, mobile banking, and overdraft protection among others. The bank generates its revenue in the form of interest income.

Executives

Joel Dale Beckler	officer: SVP, Senior Loan Officer	3058 BAYBERRY COVE, WOOSTER OH 44691
Brian Hopkins	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
James R Vansickle	director, officer: President and CEO	112 WEST MARKET STREET, PO BOX 57, ORRVILLE OH 44667
Glenn W Miller	director	151 N MARKET ST, WOOSTER OH 44691
David L Lehman	director	151 N MARKET ST, WOOSTER OH 44691
Myron L Swartzentruber	officer: Senior Vice Preisdent/CFO	C/O WAYNE SAVINGS BANCSHARES, INC., 151 N. MARKET ST., WOOSTER OH 44691
Debra A Marthey	director	151 N MARKET ST, WOOSTER OH 44691
Jonathan Ciccotelli	director	C/O WAYNE SAVINGS BANCSHARES, INC., 151 N. MARKET ST., WOOSTER OH 44691
Rod C Steiger	director
Daniel R Buehler	director	WAYNE SAVINGS BANCSHARES INC, 151 NORTH MARKET STREET, WOOSTER OH 44691
Steven G Dimos	officer: EVP/Chief Operations Officer	C/O WAYNE SAVINGS COMMUNITY BANK, 151 NORTH MARKET STREET, WOOSTER OH 44691
Peggy J Schmitz	director	WAYNE SAVINGS COMMUNITY BANK, 151 N MARKET STREET, WOOSTER OH 44691
Bryan K Fehr	officer: See footnote (1)	151 N MARKET STREET, WOOSTER OH 44691
Fitz Gibbon H Stewart Iii	officer: See footnote (1)	WAYNE SAVINGS BANCSHARES, 151 N. MARKET STREET, WOOSTER OH 44691
Phillip E Becker	officer: EVP/CHIEF LENDING OFFICER	WAYNE SAVINGS BANCSHARES INC, 151 N. MARKET STREET, WOOSTER OH 44691