Poage Bankshares (Poage Bankshares) Credit Losses Provision : $3.21 Mil (As of Sep. 2018)

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What is Poage Bankshares Credit Losses Provision?

Poage Bankshares's credit losses provision for the three months ended in Sep. 2018 was $0.17 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2018 was $3.21 Mil.

Poage Bankshares's quarterly credit losses provision increased from Mar. 2018 ($0.50 Mil) to Jun. 2018 ($0.67 Mil) but then declined from Jun. 2018 ($0.67 Mil) to Sep. 2018 ($0.17 Mil).

Poage Bankshares's annual credit losses provision increased from Dec. 2015 ($0.51 Mil) to Dec. 2016 ($1.25 Mil) and increased from Dec. 2016 ($1.25 Mil) to Dec. 2017 ($3.52 Mil).

Poage Bankshares Credit Losses Provision Historical Data

The historical data trend for Poage Bankshares'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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Poage Bankshares Credit Losses Provision Chart

Poage Bankshares Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Dec14

Dec15

Dec16

Dec17

Credit Losses Provision

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0.11

0.50

0.51

1.25

3.52

Poage Bankshares Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Credit Losses Provision	Get a 7-Day Free Trial															0.95	1.87	0.50	0.67	0.17

Poage Bankshares 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.21 Mil.

Poage Bankshares (Poage Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Poage Bankshares Inc (NAS:PBSK) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.townsquarebank.com

Poage Bankshares Inc is a holding company for Town square bank. The bank is involved in the business of accepting savings accounts, checking accounts and certificates of deposits from the general public and investing those deposits together with funds generated from operations and borrowings, in family mortgage loans, commercial and multi-family real estate loans, industrial loans, consumer loans and other types of loans. It also purchases investment securities issued by United States Government agencies and government-sponsored enterprises and also obligations of state and political subdivisions. The bank provides financial services to the clients located in and around Ashland, Nicholasville and Mt. Sterling, Kentucky.

Executives

Thomas Burnette	director	1500 CARTER AVENUE, ASHLAND KY 41101
Coffman Ralph E Jr	director, officer: President and CEO

Poage Bankshares (Poage Bankshares) Headlines

From GuruFocus

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Poage Bankshares, Inc. - PBSK

By PRNewswire PRNewswire • 09-13-2018