Skyline Bankshares (Skyline Bankshares) Credit Losses Provision : $-0.05 Mil (As of Dec. 2023)

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What is Skyline Bankshares Credit Losses Provision?

Skyline Bankshares's credit losses provision for the three months ended in Dec. 2023 was $0.07 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.05 Mil.

Skyline Bankshares's quarterly credit losses provision increased from Jun. 2023 ($-0.20 Mil) to Sep. 2023 ($0.18 Mil) but then declined from Sep. 2023 ($0.18 Mil) to Dec. 2023 ($0.07 Mil).

Skyline Bankshares's annual credit losses provision declined from Dec. 2021 ($0.72 Mil) to Dec. 2022 ($0.61 Mil) and declined from Dec. 2022 ($0.61 Mil) to Dec. 2023 ($-0.05 Mil).

Skyline Bankshares Credit Losses Provision Historical Data

The historical data trend for Skyline Bankshares'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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Skyline Bankshares Credit Losses Provision Chart

Skyline Bankshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.66

1.19

0.72

0.61

-0.05

Skyline Bankshares 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															0.10	-0.11	-0.20	0.18	0.07

Skyline Bankshares 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 $-0.05 Mil.

Skyline Bankshares (Skyline Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Skyline Bankshares Inc (OTCPK:SLBK) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

101 Jacksonville Circle, Floyd, VA, USA, 24091

Website

https://www.skylinenationalbank.bank

Skyline Bankshares Inc is a bank holding company. The company's product and service portfolio includes regular savings, demand, NOW, money market deposits, individual retirement accounts, and small denomination certificates of deposit. It also offers a variety of secured loans, including commercial lines of credit, commercial term loans, real estate, construction, home equity, consumer, and other loans.