Southwest Georgia Financial (Southwest Georgia Financial) Credit Losses Provision : $0.86 Mil (As of Dec. 2019)

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What is Southwest Georgia Financial Credit Losses Provision?

Southwest Georgia Financial's credit losses provision for the three months ended in Dec. 2019 was $0.11 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2019 was $0.86 Mil.

Southwest Georgia Financial's quarterly credit losses provision increased from Jun. 2019 ($0.25 Mil) to Sep. 2019 ($0.38 Mil) but then declined from Sep. 2019 ($0.38 Mil) to Dec. 2019 ($0.11 Mil).

Southwest Georgia Financial's annual credit losses provision increased from Dec. 2017 ($0.30 Mil) to Dec. 2018 ($0.83 Mil) and increased from Dec. 2018 ($0.83 Mil) to Dec. 2019 ($0.86 Mil).

Southwest Georgia Financial Credit Losses Provision Historical Data

The historical data trend for Southwest Georgia 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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Southwest Georgia Financial Credit Losses Provision Chart

Southwest Georgia Financial Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Credit Losses Provision

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0.14

0.16

0.30

0.83

0.86

Southwest Georgia Financial Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Credit Losses Provision	Get a 7-Day Free Trial															0.23	0.12	0.25	0.38	0.11

Southwest Georgia 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 Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.86 Mil.

Southwest Georgia Financial (Southwest Georgia Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southwest Georgia Financial Corp (AMEX:SGB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 First Street South East, Moultrie, GA, USA, 31768

Website

https://www.sgb.bank

Southwest Georgia Financial Corp is a bank holding company of Southwest Georgia Bank. Its core business is providing banking services to individuals and businesses. The bank offers customary banking services, such as consumer and commercial checking accounts, Negotiable Order of Withdrawal accounts, savings accounts, certificates of deposit, lines of credit, VISA business accounts, money transfers and mortgage banking services. It is also active in the investment domain, through the provision of securities available for sale and securities held to maturity.