Highlands Bankshares (WV) (Highlands Bankshares (WV)) Credit Losses Provision : $0.35 Mil (As of Dec. 2018)

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What is Highlands Bankshares (WV) Credit Losses Provision?

Highlands Bankshares (WV)'s credit losses provision for the six months ended in Dec. 2018 was $0.35 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2018 was $0.35 Mil.

Highlands Bankshares (WV)'s quarterly credit losses provision increased from Dec. 2016 ($0.13 Mil) to Dec. 2017 ($0.30 Mil) and increased from Dec. 2017 ($0.30 Mil) to Dec. 2018 ($0.35 Mil).

Highlands Bankshares (WV)'s annual credit losses provision increased from Dec. 2016 ($0.13 Mil) to Dec. 2017 ($0.30 Mil) and increased from Dec. 2017 ($0.30 Mil) to Dec. 2018 ($0.35 Mil).

Highlands Bankshares (WV) Credit Losses Provision Historical Data

The historical data trend for Highlands Bankshares (WV)'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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Highlands Bankshares (WV) Credit Losses Provision Chart

Highlands Bankshares (WV) Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Credit Losses Provision

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-0.76

-0.08

0.13

0.30

0.35

Highlands Bankshares (WV) Semi-Annual Data
	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
Credit Losses Provision	Get a 7-Day Free Trial															-0.76	-0.08	0.13	0.30	0.35

Highlands Bankshares (WV) 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2018 was $0.35 Mil.

Highlands Bankshares (WV) (Highlands Bankshares (WV)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Highlands Bankshares Inc (WV) (OTCPK:HBSI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 North Main Street, P.O. Box 929, Petersburg, WV, USA, 26847

Website

https://www.highlandsbankshares.com

Highlands Bankshares Inc (WV) operates as a holding company, which engages in the provision of financial and banking services through its subsidiaries. It offers a variety of services, including commercial and individual demand and time deposit accounts, commercial and individual loans, drive-in banking services, and automatic teller machine banking. The banks provide services to customers located mainly in Grant, Hardy, Hampshire, Mineral, Pendleton, Randolph, and Tucker counties of West Virginia, including the towns of Petersburg, Keyser, Moorefield, Davis, and Wardensville.

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