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OceanFirst Financial Corp's credit losses provision for the three months ended in Mar. 2016 was $0.56 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2016 was $1.46 Mil.
OceanFirst Financial Corp's quarterly credit losses provision stayed the same from Sep. 2015 ($0.30 Mil) to Dec. 2015 ($0.30 Mil) but then increased from Dec. 2015 ($0.30 Mil) to Mar. 2016 ($0.56 Mil).
OceanFirst Financial Corp's annual credit losses provision declined from Dec. 2013 ($2.80 Mil) to Dec. 2014 ($2.63 Mil) and declined from Dec. 2014 ($2.63 Mil) to Dec. 2015 ($1.28 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.
OceanFirst Financial Corp Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2016 was 0.3 (Jun. 2015 ) + 0.3 (Sep. 2015 ) + 0.3 (Dec. 2015 ) + 0.563 (Mar. 2016 ) = $1.46 Mil.
OceanFirst Financial Corp Annual Data
OceanFirst Financial Corp Quarterly Data