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Magyar Bancorp Credit Losses Provision

: $2.10 Mil (As of Dec. 2020)
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Magyar Bancorp's credit losses provision for the three months ended in Dec. 2020 was $0.64 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2020 was $2.10 Mil.

Magyar Bancorp's quarterly credit losses provision increased from Jun. 2020 ($0.44 Mil) to Sep. 2020 ($0.60 Mil) and increased from Sep. 2020 ($0.60 Mil) to Dec. 2020 ($0.64 Mil).

Magyar Bancorp's annual credit losses provision declined from Sep. 2018 ($1.00 Mil) to Sep. 2019 ($0.67 Mil) but then increased from Sep. 2019 ($0.67 Mil) to Sep. 2020 ($1.67 Mil).


Magyar Bancorp Credit Losses Provision Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Magyar Bancorp Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Credit Losses Provision Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.37 1.34 1.00 0.67 1.67

Magyar Bancorp Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Credit Losses Provision 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 Premium Member Only Premium Member Only Premium Member Only 0.21 0.42 0.44 0.60 0.64

Magyar 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 Dec. 2020 was 0.42 (Mar. 2020 ) + 0.438 (Jun. 2020 ) + 0.597 (Sep. 2020 ) + 0.64 (Dec. 2020 ) = $2.10 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Magyar Bancorp Credit Losses Provision Headlines

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