Cornerstone Financial (Cornerstone Financial) Credit Losses Provision : $7.21 Mil (As of Mar. 2012)

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What is Cornerstone Financial Credit Losses Provision?

Cornerstone Financial's credit losses provision for the three months ended in Mar. 2012 was $1.40 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2012 was $7.21 Mil.

Cornerstone Financial's quarterly credit losses provision increased from Sep. 2011 ($0.21 Mil) to Dec. 2011 ($5.39 Mil) but then declined from Dec. 2011 ($5.39 Mil) to Mar. 2012 ($1.40 Mil).

Cornerstone Financial's annual credit losses provision declined from Dec. 2009 ($2.53 Mil) to Dec. 2010 ($0.78 Mil) but then increased from Dec. 2010 ($0.78 Mil) to Dec. 2011 ($6.76 Mil).

Cornerstone Financial Credit Losses Provision Historical Data

The historical data trend for Cornerstone Financial'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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Cornerstone Financial Credit Losses Provision Chart

Cornerstone Financial Annual Data

Trend

Dec03

Dec04

Dec05

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Dec11

Credit Losses Provision

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0.22

2.53

0.78

6.76

Cornerstone Financial Quarterly Data
	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12
Credit Losses Provision	Get a 7-Day Free Trial															0.95	0.22	0.21	5.39	1.40

Cornerstone Financial 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 Mar. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.21 Mil.

Cornerstone Financial (Cornerstone Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cornerstone Financial Corp (OTCPK:CFIC) » Definitions » Credit Losses Provision

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Address

6000 Midlantic Drive, Suite 120S, Mount Laurel, NJ, USA, 08054

Website

http://www.cornerstonebanknj.com

Cornerstone Financial Corp provides a range of lending, deposit, and financial products. It emphasizes commercial real estate and commercial lending to small businesses and professionals. It offers savings, business lending, mobile banking, online banking, and other services.

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