Century Bancorp (Century Bancorp) Credit Losses Provision : $1.4 Mil (As of Sep. 2021)

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What is Century Bancorp Credit Losses Provision?

Century Bancorp's credit losses provision for the three months ended in Sep. 2021 was $-0.2 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2021 was $1.4 Mil.

Century Bancorp's quarterly credit losses provision increased from Mar. 2021 ($-0.6 Mil) to Jun. 2021 ($0.0 Mil) but then declined from Jun. 2021 ($0.0 Mil) to Sep. 2021 ($-0.2 Mil).

Century Bancorp's annual credit losses provision declined from Dec. 2018 ($1.4 Mil) to Dec. 2019 ($1.3 Mil) but then increased from Dec. 2019 ($1.3 Mil) to Dec. 2020 ($5.8 Mil).

Century Bancorp Credit Losses Provision Historical Data

The historical data trend for Century Bancorp'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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Century Bancorp Credit Losses Provision Chart

Century Bancorp Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Credit Losses Provision

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1.38

1.79

1.35

1.25

5.83

Century Bancorp Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Credit Losses Provision	Get a 7-Day Free Trial															0.90	2.15	-0.55	-	-0.20

Century Bancorp 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.4 Mil.

Century Bancorp (Century Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Century Bancorp Inc (NAS:CNBKA) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Mystic Avenue, Medford, MA, USA, 02155

Website

https://www.centurybank.com

Century Bancorp Inc is a commercial bank that provides a range of services to commercial enterprises, state and local governments and agencies, non-profit organizations and individuals. It makes commercial loans, real estate and construction loans and consumer loans, and accepts savings, time, and demand deposits. The bank also offers its corporate and institutional customers automated lockbox collection services, cash management services and account reconciliation services, and actively promotes the marketing of these services to the municipal market. Century Bancorp earns its revenue from interest income.

Executives

Barry R Sloane	director, officer: Chairman, CEO and President	5 SPINNAKER DRIVE, PO BOX 247, BARRINGTON RI 02806
James J Filler	10 percent owner	2964 SHOOK HILL PARKWAY, BIRMINGHAM AL 35223
Paul A Evangelista	officer: Executive Vice President	CENTURY BANK & TRUST CO 400 MYSTIC AVE MEDFORD MA 02155
Linda Sloane Kay	director, officer: Vice Chair	400 MYSTIC AVENUE MEDFORD MA 02155
Stephen R Delinsky	director	400 MYSTIC AVENUE MEDFORD MA 02155
Brian J. Feeney	officer: Executive Vice President	400 MYSTIC AVENUE MEDFORD MA 02155
William P Hornby	officer: CFO and Treasurer	400 MYSTIC AVENUE MEDFORD MA 02155
Louis J Grossman	director	400 MYSTIC AVENUR MEDFORD MA 02155
Joseph J Senna	director
Sloane Family Enterprises, Limited Partnership	10 percent owner	400 MYSTIC AVE MEDFORD MA 02155
Jo Ann Simons	director	400 MYSTIC AVENUE MEDFORD MA 02155
Jackie Jenkins-scott	director	400 MYSTIC AVENUE MEDFORD MA 02155
George F Swansburg	director
Joseph P Mercurio	director	BOSTON UNVIERSITY 25 BUICK STREET BOSTON MA 02215
Fraser Lemley	director