Fentura Financial (Fentura Financial) Credit Losses Provision

: $-0.06 Mil (As of Dec. 2023)

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Fentura Financial's credit losses provision for the three months ended in Dec. 2023 was $-0.19 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.06 Mil.

Fentura Financial's quarterly credit losses provision declined from Jun. 2023 ($0.21 Mil) to Sep. 2023 ($-0.31 Mil) but then increased from Sep. 2023 ($-0.31 Mil) to Dec. 2023 ($-0.19 Mil).

Fentura Financial's annual credit losses provision increased from Dec. 2021 ($-0.18 Mil) to Dec. 2022 ($3.11 Mil) but then declined from Dec. 2022 ($3.11 Mil) to Dec. 2023 ($-0.06 Mil).

Fentura Financial Credit Losses Provision Historical Data

The historical data trend for Fentura Financial'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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Fentura Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

1.34

5.63

-0.18

3.11

-0.06

Fentura Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision																0.85	0.24	0.21	-0.31	-0.19

Fentura Financial 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 $-0.06 Mil.

Fentura Financial (Fentura Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fentura Financial Inc (OTCPK:FETM) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

175 North Leroy Street, P.O. Box 725, Fenton, MI, USA, 48430-3805

Website

https://www.fentura.com

Fentura Financial Inc is a bank holding company engaged in the business of financial services through its wholly-owned subsidiaries. The corporation provides banking and trust services principally to individuals, small businesses, and governmental entities through its community banking and loan processing offices. The primary deposit products include Checking, Savings, and Term certificate accounts, and the primary lending products comprise Residential mortgage, Commercial real estate, Commercial, Home equity, and Consumer loans. The corporation's sources of revenue include trust-related income, investment services income, ATM card income, debit card income, and service charges on deposit accounts.

Executives

James Distelrath	director, officer: Chief Financial Officer	101 N LEROY STREET, FENTON MI 48430
Craig L Johnson	officer: Senior Lender - The State Bank	101 N LEROY STREET, FENTON MI 48430
Randy D Hicks	director	101 N. LEROY STREET, FENTON MI 48430
Frederick P Dillingham	director	175 N LEROY, FENTON MI 48340
Joanne Shaw	director	175 N LEROY, FENTON MI 48340
Ronald Rybar	director	175 N LEROY, FENTON MI 48340
James Wesseling	director	175 N LEROY STREET, FENTON MI 48340
William Dery	director	175 N LEROY STREET, FENTON MI 48340
Daniel Wollschlager	officer: SVP, Senior Lending Officer	175 NORTH LEROY STREET, FENTON MI 48430
Douglas Rotman	director	175 N LEROY, FENTON MI 48430
Sheryl Stephens	director	175 N LEROY, FENTON MI 48430
Kenneth R Elston	director	175 NORTH LEROY STREET, P.O. BOX 725, FENTON MI 48430
Holly J Pingatore	officer: Senior VP-The State Bank	175 NORTH LEROY STREET, FENTON MI 48430
John Emmendorfer	officer: President-Davison State Bank	175 NORTH LEROY STREET, FENTON MI 48430
Dennis Leyder	officer: Senior VP-The State Bank	175 NORTH LEROY STREET, FENTON MI 48430