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First United Corp's credit losses provision for the three months ended in Mar. 2016 was $0.57 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2016 was $1.55 Mil.
First United Corp's quarterly credit losses provision declined from Sep. 2015 ($0.50 Mil) to Dec. 2015 ($0.43 Mil) but then increased from Dec. 2015 ($0.43 Mil) to Mar. 2016 ($0.57 Mil).
First United Corp's annual credit losses provision increased from Dec. 2013 ($0.38 Mil) to Dec. 2014 ($2.51 Mil) but then declined from Dec. 2014 ($2.51 Mil) to Dec. 2015 ($1.05 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.
First United Corp Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2016 was 0.052 (Jun. 2015 ) + 0.5 (Sep. 2015 ) + 0.428 (Dec. 2015 ) + 0.568 (Mar. 2016 ) = $1.55 Mil.
First United Corp Annual Data
First United Corp Quarterly Data