Mountain Commerce Bancorp (Mountain Commerce Bancorp) Credit Losses Provision : $1.03 Mil (As of Jun. 2023)

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What is Mountain Commerce Bancorp Credit Losses Provision?

Mountain Commerce Bancorp's credit losses provision for the three months ended in Jun. 2023 was $-0.56 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2023 was $1.03 Mil.

Mountain Commerce Bancorp's quarterly credit losses provision increased from Dec. 2022 ($0.21 Mil) to Mar. 2023 ($0.48 Mil) but then declined from Mar. 2023 ($0.48 Mil) to Jun. 2023 ($-0.56 Mil).

Mountain Commerce Bancorp's annual credit losses provision increased from Dec. 2021 ($-2.63 Mil) to Dec. 2022 ($2.21 Mil) but then declined from Dec. 2022 ($2.21 Mil) to Dec. 2023 ($1.00 Mil).

Mountain Commerce Bancorp Credit Losses Provision Historical Data

The historical data trend for Mountain Commerce Bancorp'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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Mountain Commerce Bancorp Credit Losses Provision Chart

Mountain Commerce Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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-0.54

7.50

-2.63

2.21

1.00

Mountain Commerce Bancorp Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															0.90	0.21	0.48	-0.56	-

Mountain Commerce Bancorp 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.03 Mil.

Mountain Commerce Bancorp (Mountain Commerce Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mountain Commerce Bancorp Inc (OTCPK:MCBI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

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Address

6101 Kingston Pike, P.O. Box 52942, Knoxville, TN, USA, 37919

Website

https://www.mcb.com

Mountain Commerce Bancorp Inc operates as a bank holding company. It offers personal and business banking services. The bank offers checking and savings accounts; certificates of deposit; and loans and lines of credit, such as mortgage loans, personal loans and lines of credit, commercial real estate lending, small business administration loans, equipment lending, operating lines of credit, and credit cards. Its primary lending products are one-to-four family residential, commercial real estate, commercial and industrial, and consumer lending.