Dime Community Bancshares (Dime Community Bancshares) Credit Losses Provision : $11.6 Mil (As of Dec. 2023)

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What is Dime Community Bancshares Credit Losses Provision?

Dime Community Bancshares's credit losses provision for the three months ended in Dec. 2023 was $3.7 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $11.6 Mil.

Dime Community Bancshares's quarterly credit losses provision increased from Jun. 2023 ($0.9 Mil) to Sep. 2023 ($1.8 Mil) and increased from Sep. 2023 ($1.8 Mil) to Dec. 2023 ($3.7 Mil).

Dime Community Bancshares's annual credit losses provision declined from Dec. 2021 ($6.2 Mil) to Dec. 2022 ($5.4 Mil) and declined from Dec. 2022 ($5.4 Mil) to Dec. 2023 ($2.8 Mil).

Dime Community Bancshares Credit Losses Provision Historical Data

The historical data trend for Dime Community 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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Dime Community Bancshares Credit Losses Provision Chart

Dime Community Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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17.34

26.17

6.21

5.37

2.77

Dime Community 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															-3.65	0.89	1.81	3.72	5.21

Dime Community 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.6 Mil.

Dime Community Bancshares (Dime Community Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dime Community Bancshares Inc (NAS:DCOM) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

DCOMP.PFD:USA

Address

898 Veterans Memorial Highway, Suite 560, Hauppauge, NY, USA, 11788

Website

https://www.dime.com

Dime Community Bancshares Inc operates as a holding company. It gathers deposits from customers within its market area and via the internet, and invests them in multifamily residential, commercial real estate, commercial and industrial (C&I) loans, and one-to-four family residential real estate loans, as well as mortgage-backed securities, obligations of the U.S. government and government- sponsored enterprises (GSEs), and corporate debt and equity securities.

Executives

Stuart H Lubow	officer: President	300 CADMAN PLAZA WEST, 8TH FLOOR, BROOKLYN NY 11201
Judith H Germano	director	898 VETERANS MEMORIAL HIGHWAY, HAUPPAUGE NY 11788
Basswood Capital Management, L.l.c.	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Christopher J Porzelt	officer: Chief Risk Officer	300 CADMAN PLAZA WEST, 8TH FLOOR, BROOKLYN NY 11201
Basswood Partners, L.l.c.	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FL, NEW YORK NY 10022
Basswood Financial Fund, L.p.	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Basswood Financial Long Only Fund, L.p.	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FL., NEW YORK NY 10022
Basswood Opportunity Fund Inc	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVE, 10TH FL, NEW YORK NY 10017
Basswood Opportunity Partners, L.p.	director, 10 percent owner, other: Director-by-Deputization	BASSWOOD CAPITAL MANAGEMENT LLC, 645 MADISON AVENUE, NEW YORK NY 10022
Michael Fegan	officer: Chief Technology & Ops Officer	300 CADMAN PLAZA WEST, BROOKLYN NY 11201
Kenneth J Mahon	director
Paul M Aguggia	director	1433 VAN HOUTEN AVENUE, CLIFTON NJ 07013
Mccoy Jr. Albert E	director	P.O. BOX 3005, BRIDGEHAMPTON NY 11932
Rosemarie Chen	director	300 CADMAN PLAZA WEST, 8TH FLOOR, BROOKLYN NY 11201
Bennett D Lindenbaum	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022