Paragon Financial Solutions (Paragon Financial Solutions) Credit Losses Provision : $1.23 Mil (As of Mar. 2008)

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What is Paragon Financial Solutions Credit Losses Provision?

Paragon Financial Solutions's credit losses provision for the three months ended in Mar. 2008 was $0.15 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2008 was $1.23 Mil.

Paragon Financial Solutions's quarterly credit losses provision declined from Sep. 2007 ($0.75 Mil) to Dec. 2007 ($0.20 Mil) and declined from Dec. 2007 ($0.20 Mil) to Mar. 2008 ($0.15 Mil).

Paragon Financial Solutions's annual credit losses provision declined from Dec. 2005 ($1.43 Mil) to Dec. 2006 ($0.79 Mil) but then increased from Dec. 2006 ($0.79 Mil) to Dec. 2007 ($1.21 Mil).

Paragon Financial Solutions Credit Losses Provision Historical Data

The historical data trend for Paragon Financial Solutions'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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Paragon Financial Solutions Credit Losses Provision Chart

Paragon Financial Solutions Annual Data

Trend

Dec05

Dec06

Dec07

Credit Losses Provision

1.43

0.79

1.21

Paragon Financial Solutions Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08
Credit Losses Provision	Get a 7-Day Free Trial							0.13	0.12	0.75	0.20	0.15

Paragon Financial Solutions 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 Mar. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.23 Mil.

Paragon Financial Solutions (Paragon Financial Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Paragon Financial Solutions Inc (OTCPK:PGNN) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

5400 Poplar Avenue, Suite 350, Memphis, TN, USA, 38119

Website

https://www.bankparagon.com

Paragon Financial Solutions Inc provides small and mid-sized businesses, along with their owners and executives, with a complete package of banking solutions delivered both in-person and online. The company provides Cash Management Solutions; Commerical Lending; Personal Checking Accounts; Mortgages; Private Banking and others.

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