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Coastal Financial Credit Losses Provision

: $4.97 Mil (As of Jun. 2020)
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Coastal Financial's credit losses provision for the three months ended in Jun. 2020 was $1.93 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2020 was $4.97 Mil.

Coastal Financial's quarterly credit losses provision increased from Dec. 2019 ($0.82 Mil) to Mar. 2020 ($1.58 Mil) and increased from Mar. 2020 ($1.58 Mil) to Jun. 2020 ($1.93 Mil).

Coastal Financial's annual credit losses provision increased from Dec. 2017 ($0.87 Mil) to Dec. 2018 ($1.83 Mil) and increased from Dec. 2018 ($1.83 Mil) to Dec. 2019 ($2.54 Mil).


Coastal Financial Credit Losses Provision Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Coastal Financial Annual Data
Dec16 Dec17 Dec18 Dec19
Credit Losses Provision 1.92 0.87 1.83 2.54

Coastal Financial Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 0.55 0.64 0.82 1.58 1.93

Coastal Financial 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. 2020 was 0.637 (Sep. 2019 ) + 0.82 (Dec. 2019 ) + 1.578 (Mar. 2020 ) + 1.93 (Jun. 2020 ) = $4.97 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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