Millennium Bankshares (Millennium Bankshares) Credit Losses Provision : $3.36 Mil (As of Sep. 2008)

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What is Millennium Bankshares Credit Losses Provision?

Millennium Bankshares's credit losses provision for the three months ended in Sep. 2008 was $0.38 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2008 was $3.36 Mil.

Millennium Bankshares's quarterly credit losses provision increased from Mar. 2008 ($0.00 Mil) to Jun. 2008 ($1.95 Mil) but then declined from Jun. 2008 ($1.95 Mil) to Sep. 2008 ($0.38 Mil).

Millennium Bankshares's annual credit losses provision declined from Dec. 2005 ($0.41 Mil) to Dec. 2006 ($-0.02 Mil) but then increased from Dec. 2006 ($-0.02 Mil) to Dec. 2007 ($2.01 Mil).

Millennium Bankshares Credit Losses Provision Historical Data

The historical data trend for Millennium 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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Millennium Bankshares Credit Losses Provision Chart

Millennium Bankshares Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Credit Losses Provision

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0.69

0.27

0.41

-0.02

2.01

Millennium Bankshares Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Credit Losses Provision	Get a 7-Day Free Trial															0.10	1.03	-	1.95	0.38

Millennium 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. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.36 Mil.

Millennium Bankshares (Millennium Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Millennium Bankshares Corp (OTCPK:MBVA) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1601 Washington Plaza, Reston, VA, USA, 20190

Website

https://www.millenniumbank.com

Millennium Bankshares Corp is a bank holding company. The Company through its bank holding provides commercial, retail and consumer banking services to meet the needs of businesses and consumers in the communities it serves.

Executives

Williams Frank E Jr

other: 9% Ownership

2789-B HARTLAND ROAD, FALLS CHURCH VA 22043

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