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Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.
Eastern Virginia Bankshares's Net Charge Offs to Average Loans % for the quarter that ended in Mar. 2017 was 0.12% , which is higher than -0.33% for the pervious quarter ended in Dec. 2016.
Eastern Virginia Bankshares's Net Charge Offs to Average Loans % for the annual that ended in Dec. 2016 was 0.01% , which is higher than 0.00% for the pervious year ended in . 20.
The historical rank and industry rank for Eastern Virginia Bankshares's Net Charge Offs to Average Loans % or its related term are showing as below:
The historical data trend for Eastern Virginia Bankshares's Net Charge Offs to Average Loans % 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.
Eastern Virginia Bankshares Annual Data | |||||
Trend | Dec16 | ||||
Net Charge Offs to Average Loans % | Get a 7-Day Free Trial | ||||
Capital Adequacy Tier - Tier 1 Ratio % | Get a 7-Day Free Trial | ||||
Capital Adequacy Tier - Leverage Ratio % | Get a 7-Day Free Trial | ||||
Capital Adequacy Tier - Total Capital Ratio % | Get a 7-Day Free Trial | ||||
Efficiency Overhead Ratio % | Get a 7-Day Free Trial |
Eastern Virginia BanksharesQuarterly Data | |||||||||
Trend | Jun16 | Sep16 | Dec16 | Mar17 | |||||
Net Charge Offs to Average Loans % | Get a 7-Day Free Trial | ||||||||
Capital Adequacy Tier - Tier 1 Ratio % | Get a 7-Day Free Trial | ||||||||
Capital Adequacy Tier - Leverage Ratio % | Get a 7-Day Free Trial | ||||||||
Capital Adequacy Tier - Total Capital Ratio % | Get a 7-Day Free Trial |
Net Charge Offs to Average Loans % is calculated as
Net Charge Offs to Average Loans % | = | Net Charge-offs | / | Average Total Loans |
* 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.
Eastern Virginia Bankshares (NAS:EVBS) Net Charge Offs to Average Loans % Explanation
A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.
Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.
Thank you for viewing the detailed overview of Eastern Virginia Bankshares's Net Charge Offs to Average Loans % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bruce Todd Brockwell | officer: EVP / Chief Banking Officer | 4713 STONEY CREEK PARKWAY, CHESTER VA 23831 |
Joe A Shearin | director, officer: President and CEO | BOX 517, TAPPAHANNOCK VA 22560 |
Garrett F L Iii | director | 268 CATHCHPENNY LANE, BOWLERS WHARF VA 22560 |
Eric Alan Johnson | director | P O BOX 517, URBANNA VA 23175 |
John Fitzgerald Biagas | director | 627 36TH STREET, NEWPORT NEWS VA 23607 |
William Rand Cook | director | 4459 CROWN HILL ROAD, MECHANICSVILLE VA 23111 |
James Adam Sothen | officer: Executive VP / CFO | 3537 CROFTS PRIDE DRIVE, VIRGINIA BEACH VA 23453 |
James Stanley Thomas | officer: Executive VP / CCO | 8954 BELLEFONTE ROAD, RICHMOND VA 23229 |
Douglas Robert Taylor | officer: Executive VP / CRO | 1210 WALTON CREEK DRIVE, MIDLOTHIAN VA 23114 |
Mark Christopher Hanna | officer: EVP/Regional President | 495 S. MASON ST., HARRISONBURG VA 22801 |
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