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Oceanfirst Financial Corporation's credit losses provision for the three months ended in Dec. 2013 was $0.20 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2013 was $2.80 Mil.
Oceanfirst Financial Corporation's quarterly credit losses provision declined from Jun. 2013 ($0.80 Mil) to Sep. 2013 ($0.70 Mil) and declined from Sep. 2013 ($0.70 Mil) to Dec. 2013 ($0.20 Mil).
Oceanfirst Financial Corporation's annual credit losses provision increased from Dec. 2011 ($7.75 Mil) to Dec. 2012 ($7.90 Mil) but then declined from Dec. 2012 ($7.90 Mil) to Dec. 2013 ($2.80 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 Corporation Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2013 was 1.1 (Mar. 2013 ) + 0.8 (Jun. 2013 ) + 0.7 (Sep. 2013 ) + 0.2 (Dec. 2013 ) = $2.80 Mil.
Oceanfirst Financial Corporation Annual Data
Oceanfirst Financial Corporation Quarterly Data