Towne Bank (Towne Bank) Allowance For Loans And Lease Losses : $-126.5 Mil (As of Dec. 2023)

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What is Towne Bank Allowance For Loans And Lease Losses?

Towne Bank's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-126.5 Mil.

Towne Bank's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-123.5 Mil) to Sep. 2023 ($-125.2 Mil) and declined from Sep. 2023 ($-125.2 Mil) to Dec. 2023 ($-126.5 Mil).

Towne Bank's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-106.1 Mil) to Dec. 2022 ($-110.8 Mil) and declined from Dec. 2022 ($-110.8 Mil) to Dec. 2023 ($-126.5 Mil).

Towne Bank Allowance For Loans And Lease Losses Historical Data

The historical data trend for Towne Bank's Allowance For Loans And Lease Losses 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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Towne Bank Allowance For Loans And Lease Losses Chart

Towne Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-58.23

-120.16

-106.06

-110.82

-126.46

Towne Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-110.82	-120.00	-123.51	-125.16	-126.46

Towne Bank Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Towne Bank Allowance For Loans And Lease Losses Related Terms

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Towne Bank (Towne Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Towne Bank (NAS:TOWN) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

5716 High Street, Portsmouth, VA, USA, 23703

Website

https://www.townebank.com

Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.