Hingham Institution forvings (Hingham Institution forvings) Credit Losses Provision

: $1.35 Mil (As of Jun. 2023)

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Hingham Institution forvings's credit losses provision for the three months ended in Jun. 2023 was $0.45 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2023 was $1.35 Mil.

Hingham Institution forvings's quarterly credit losses provision increased from Sep. 2022 ($0.30 Mil) to Dec. 2022 ($0.60 Mil) but then declined from Dec. 2022 ($0.60 Mil) to Jun. 2023 ($0.45 Mil).

Hingham Institution forvings's annual credit losses provision increased from Dec. 2021 ($3.03 Mil) to Dec. 2022 ($4.51 Mil) but then declined from Dec. 2022 ($4.51 Mil) to Dec. 2023 ($1.12 Mil).

Hingham Institution forvings Credit Losses Provision Historical Data

The historical data trend for Hingham Institution forvings'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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Hingham Institution forvings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

1.57

2.29

3.03

4.51

1.12

Hingham Institution forvings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Credit Losses Provision																2.45	0.30	0.60	0.45	-

Hingham Institution forvings 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 $1.35 Mil.

Hingham Institution forvings (Hingham Institution forvings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hingham Institution for Savings (NAS:HIFS) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

HS3:Germany

Address

55 Main Street, Hingham, MA, USA, 02043

Website

https://www.hinghamsavings.com

Hingham Institution for Savings is a savings bank based in Hingham, Massachusetts and is involved in the business of residential and commercial real estate mortgage lending and also financial and banking services. The bank's financial services include personal checking accounts, personal mortgages, home equity lines of credit, money market accounts, savings accounts, certificates of deposit and business checking accounts. Its lending portfolio mainly encompasses commercial real estate, residential owner occupied real estate and loans for construction of residential real estate.