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Century Bancorp Inc's credit losses provision for the three months ended in Jun. 2014 was $0.45 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2014 was $2.26 Mil.
Century Bancorp Inc's quarterly credit losses provision increased from Dec. 2013 ($0.46 Mil) to Mar. 2014 ($0.60 Mil) but then declined from Mar. 2014 ($0.60 Mil) to Jun. 2014 ($0.45 Mil).
Century Bancorp Inc's annual credit losses provision declined from Dec. 2011 ($4.55 Mil) to Dec. 2012 ($4.15 Mil) and declined from Dec. 2012 ($4.15 Mil) to Dec. 2013 ($2.71 Mil).
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.
Century Bancorp Inc Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2014 was 0.75 (Sep. 2013 ) + 0.46 (Dec. 2013 ) + 0.6 (Mar. 2014 ) + 0.45 (Jun. 2014 ) = $2.26 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Century Bancorp Inc Annual Data
Century Bancorp Inc Quarterly Data