Chesapeake Financial Shares (Chesapeake Financial Shares) Credit Losses Provision : $1.03 Mil (As of Dec. 2023)

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What is Chesapeake Financial Shares Credit Losses Provision?

Chesapeake Financial Shares's credit losses provision for the three months ended in Dec. 2023 was $0.24 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $1.03 Mil.

Chesapeake Financial Shares's quarterly credit losses provision increased from Jun. 2023 ($0.24 Mil) to Sep. 2023 ($0.33 Mil) but then declined from Sep. 2023 ($0.33 Mil) to Dec. 2023 ($0.24 Mil).

Chesapeake Financial Shares's annual credit losses provision declined from Dec. 2021 ($1.45 Mil) to Dec. 2022 ($0.94 Mil) but then increased from Dec. 2022 ($0.94 Mil) to Dec. 2023 ($1.03 Mil).

Chesapeake Financial Shares Credit Losses Provision Historical Data

The historical data trend for Chesapeake Financial Shares'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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Chesapeake Financial Shares Credit Losses Provision Chart

Chesapeake Financial Shares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.62

2.24

1.45

0.94

1.03

Chesapeake Financial Shares 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															0.24	0.24	0.24	0.33	0.24

Chesapeake Financial Shares 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 $1.03 Mil.

Chesapeake Financial Shares (Chesapeake Financial Shares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Chesapeake Financial Shares Inc (OTCPK:CPKF) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

N/A

Address

97 North Main Street, P.O. Box 1419, Kilmarnock, VA, USA, 22482

Website

https://www.chesapeakefinancialshares.com

Chesapeake Financial Shares Inc is engaged in the business of full-service lending, providing deposit services to individuals and businesses and offering brokerage, trust, and estate management services. The company's loan portfolio includes segments; Commercial loans include both secured and unsecured loans for working capital, expansion, and other business purposes, Commercial-Real Estate: Loans secured by commercial real estate, Consumer-Non-Real Estate, and Residential-Real Estate. The company operates through its network of branches located throughout the Northern Neck, Middle Peninsula, Williamsburg, James City County, and Richmond areas of Virginia.

Chesapeake Financial Shares (Chesapeake Financial Shares) Headlines

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