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American Business Bank (American Business Bank) Credit Losses Provision : $3.4 Mil (As of Dec. 2023)


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What is American Business Bank Credit Losses Provision?

American Business Bank's credit losses provision for the three months ended in Dec. 2023 was $0.6 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $3.4 Mil.

American Business Bank's quarterly credit losses provision declined from Jun. 2023 ($1.5 Mil) to Sep. 2023 ($0.8 Mil) and declined from Sep. 2023 ($0.8 Mil) to Dec. 2023 ($0.6 Mil).

American Business Bank's annual credit losses provision increased from Dec. 2021 ($2.0 Mil) to Dec. 2022 ($4.5 Mil) but then declined from Dec. 2022 ($4.5 Mil) to Dec. 2023 ($3.4 Mil).

American Business Bank Credit Losses Provision Historical Data

The historical data trend for American Business Bank'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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American Business Bank Credit Losses Provision Chart

American Business Bank Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.28 2.56 1.95 4.51 3.40

American Business Bank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Credit Losses Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 0.46 1.53 0.85 0.56

American Business Bank 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.4 Mil.

* 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.

American Business Bank (American Business Bank) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » American Business Bank (OTCPK:AMBZ) » Definitions » Credit Losses Provision
Comparable Companies
FRBA BSRR FNBT EBTC FMAO ACNB HBCP FBIZ MOFG ORRF NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
N/A
Address
400 South Hope Street, Suite 300, Los Angeles, CA, USA, 90071
Website
https://www.americanbb.bank
American Business Bank provides financial services to businesses in the middle market. It offers deposit, credit, consulting and referral, personal banking, and international banking services. The Bank's revenues are derived principally from interest on loans and investments, and other fees.