Elmer Bancorp (Elmer Bancorp) Credit Losses Provision : $0.06 Mil (As of Dec. 2007)

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What is Elmer Bancorp Credit Losses Provision?

Elmer Bancorp's credit losses provision for the three months ended in Dec. 2007 was $0.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2007 was $0.06 Mil.

Elmer Bancorp's quarterly credit losses provision declined from Jun. 2007 ($0.02 Mil) to Sep. 2007 ($0.00 Mil) but then stayed the same from Sep. 2007 ($0.00 Mil) to Dec. 2007 ($0.00 Mil).

Elmer Bancorp's annual credit losses provision declined from Dec. 2005 ($0.22 Mil) to Dec. 2006 ($0.13 Mil) and declined from Dec. 2006 ($0.13 Mil) to Dec. 2007 ($0.06 Mil).

Elmer Bancorp Credit Losses Provision Historical Data

The historical data trend for Elmer Bancorp'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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Elmer Bancorp Credit Losses Provision Chart

Elmer Bancorp Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Credit Losses Provision

0.12

0.25

0.22

0.13

0.06

Elmer Bancorp Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Credit Losses Provision	Get a 7-Day Free Trial											0.03	0.03	0.02	-	-

Elmer Bancorp 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 Dec. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.06 Mil.

Elmer Bancorp (Elmer Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Elmer Bancorp Inc (OTCPK:ELMA) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

10 South Main Street, P. O. Box 980, Elmer, NJ, USA, 08318

Website

https://www.elmerbank.com

Elmer Bancorp Inc is a bank holding company incorporated in the State of New Jersey. Its First National Bank of Elmer (the Bank) operates under a national bank charter and provides a complete line of business and personal banking products. The Bank operates through its six full-service offices located in Cumberland, Gloucester and Salem counties in New Jersey. The majority of the Bank's activities are with customers located within Southern New Jersey.