Tri County Financial Group (Tri County Financial Group) Credit Losses Provision : $-3.71 Mil (As of Jun. 2023)

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What is Tri County Financial Group Credit Losses Provision?

Tri County Financial Group's credit losses provision for the three months ended in Jun. 2023 was $-0.04 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2023 was $-3.71 Mil.

Tri County Financial Group's quarterly credit losses provision increased from Dec. 2022 ($0.00 Mil) to Mar. 2023 ($0.17 Mil) but then declined from Mar. 2023 ($0.17 Mil) to Jun. 2023 ($-0.04 Mil).

Tri County Financial Group's annual credit losses provision declined from Dec. 2021 ($1.80 Mil) to Dec. 2022 ($-2.95 Mil) but then increased from Dec. 2022 ($-2.95 Mil) to Dec. 2023 ($-0.85 Mil).

Tri County Financial Group Credit Losses Provision Historical Data

The historical data trend for Tri County Financial Group'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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Tri County Financial Group Credit Losses Provision Chart

Tri County Financial Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.80

5.05

1.80

-2.95

-0.85

Tri County Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															-3.85	-	0.17	-0.04	-

Tri County Financial Group 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.71 Mil.

Tri County Financial Group (Tri County Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tri County Financial Group Inc (OTCPK:TYFG) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

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Address

706 Washington Street, Mendota, IL, USA, 61342

Website

https://www.firststatebank.biz

Tri County Financial Group Inc is a United States-based holding company. It provides banking and mortgage banking services and insurance services to individuals and businesses. It offers deposit products such as demand deposits & certificates of deposit, and its primary lending products are agribusiness, commercial, real estate mortgage and installment loans, and secondary market mortgage activities.