CNB Financial Services (CNB Financial Services) Credit Losses Provision : $2.06 Mil (As of Sep. 2010)

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What is CNB Financial Services Credit Losses Provision?

CNB Financial Services's credit losses provision for the three months ended in Sep. 2010 was $0.46 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2010 was $2.06 Mil.

CNB Financial Services's quarterly credit losses provision stayed the same from Mar. 2010 ($0.46 Mil) to Jun. 2010 ($0.46 Mil) but then increased from Jun. 2010 ($0.46 Mil) to Sep. 2010 ($0.46 Mil).

CNB Financial Services's annual credit losses provision increased from Dec. 2007 ($0.17 Mil) to Dec. 2008 ($0.94 Mil) and increased from Dec. 2008 ($0.94 Mil) to Dec. 2009 ($1.85 Mil).

CNB Financial Services Credit Losses Provision Historical Data

The historical data trend for CNB Financial Services'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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CNB Financial Services Credit Losses Provision Chart

CNB Financial Services Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Credit Losses Provision

0.35

0.28

0.17

0.94

1.85

CNB Financial Services Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Credit Losses Provision	Get a 7-Day Free Trial															0.40	0.69	0.46	0.46	0.46

CNB Financial Services 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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.06 Mil.

CNB Financial Services (CNB Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNB Financial Services Inc (OTCPK:CBFC) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 S. Washington Street, Berkeley Springs, WV, USA, 25411

Website

https://www.cnb.bank

CNB Financial Services Inc operates as the bank holding company for CNB Bank, Inc which is a full-service commercial bank conducting general banking and trust activities through various full-service offices and automated teller machines located in Morgan and Berkeley Counties, West Virginia and Washington County, Maryland among others. The sources of revenue for the Bank are interest income from loans and investments and non-interest income.

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