First Niles Financial (First Niles Financial) Credit Losses Provision : $0.00 Mil (As of Jun. 2018)

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What is First Niles Financial Credit Losses Provision?

First Niles Financial's credit losses provision for the six months ended in Jun. 2018 was $0.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2018 was $0.00 Mil.

First Niles Financial's annual credit losses provision declined from Dec. 2013 ($0.24 Mil) to Dec. 2014 ($0.16 Mil) and declined from Dec. 2014 ($0.16 Mil) to Dec. 2015 ($-0.06 Mil).

First Niles Financial Credit Losses Provision Historical Data

The historical data trend for First Niles 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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First Niles Financial Credit Losses Provision Chart

First Niles Financial Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec13

Dec14

Dec15

Credit Losses Provision

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0.24

0.16

-0.06

First Niles Financial Semi-Annual Data
	Jun99	Dec99	Jun00	Dec00	Jun01	Dec01	Jun02	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec13	Dec14	Dec15	Jun17	Jun18
Credit Losses Provision	Get a 7-Day Free Trial															-	-	-	-	-

First Niles 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 Jun. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

First Niles Financial (First Niles Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Niles Financial Inc (OTCPK:FNFI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 North Main Street, P.O. Box 311, Niles, OH, USA, 44446-0311

Website

https://www.homefedniles.com

First Niles Financial Inc is a unitary, non-diversified holding company. It conducts a general banking business in Niles, Ohio, which consists of attracting deposits from the general public and applying those funds to the origination of loans for residential, commercial, and consumer purposes. The primary sources of revenue for the company are from interest and dividend income on loans and securities along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans, commitment fees, fees from financial guarantees, certain credit cards fees, and income on bank-owned life insurance.

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