Altabancorp (Altabancorp) Allowance For Loans And Lease Losses : $-35.0 Mil (As of Jun. 2021)

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What is Altabancorp Allowance For Loans And Lease Losses?

Altabancorp's Allowance For Loans And Lease Losses for the quarter that ended in Jun. 2021 was $-35.0 Mil.

Altabancorp's quarterly Allowance For Loans And Lease Losses increased from Dec. 2020 ($-41.2 Mil) to Mar. 2021 ($-41.0 Mil) and increased from Mar. 2021 ($-41.0 Mil) to Jun. 2021 ($-35.0 Mil).

Altabancorp's annual Allowance For Loans And Lease Losses declined from Dec. 2018 ($-25.2 Mil) to Dec. 2019 ($-31.4 Mil) and declined from Dec. 2019 ($-31.4 Mil) to Dec. 2020 ($-41.2 Mil).

Altabancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for Altabancorp's Allowance For Loans And Lease Losses 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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Altabancorp Allowance For Loans And Lease Losses Chart

Altabancorp Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Allowance For Loans And Lease Losses

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-16.72

-18.30

-25.25

-31.43

-41.24

Altabancorp Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-42.68	-41.50	-41.24	-41.01	-34.96

Altabancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Altabancorp Allowance For Loans And Lease Losses Related Terms

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Altabancorp (Altabancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Altabancorp (NAS:ALTA) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 East Main Street, American Fork, UT, USA, 84003

Website

http://www.altabancorp.com

Altabancorp is a bank holding company for Altabank, a full-service bank, providing loans, deposit and cash management services to businesses and individuals through over 26 branch locations from Preston, Idaho to St. George, Utah. Its clients have direct access to bankers and decision-makers who work with clients to understand their specific needs and offer customized financial solutions. Altabank serves communities in Utah and southern Idaho.

Executives

Newbold Family Trust	10 percent owner	1025 WEST 2650 NORTH LEHI UT 84043
Hets Llc	10 percent owner	1255 W RIO SALADO PKWY STE 215 TEMPE AZ 85281
Brett & Susan Christiansen Family Trust	10 percent owner	176 SOUTH 1160 WEST CIRCLE ST ST GEORGE UT 84770
Len E Williams	director, officer: President/CEO	500 12TH AVENUE SOUTH NAMPA ID 83651
Judd J Austin	officer: Executive Officer	1 EAST MAIN STREET AMERICAN FORK UT 84003
Ryan Howard Jones	officer: Executive Officer	1 EAST MAIN STREET AMERICAN FORK UT 84003
Christine Maebelle Linford	officer: Executive Officer	1 EAST MAIN STREET AMERICAN FORK UT 84003
Judd Peterson Kirkham	officer: Executive Officer	1 EAST MAIN STREET AMERICAN FORK UT 84003
Mark K Olson	officer: EVP/Chief Financial Officer	121 W. PINE STREET, 20 EAST CARRILLO STREET, LODI CA 95240
Kimball Gunther	10 percent owner	81 SOUTH 700 EAST AMERICAN FORK UT 84003
Christopher Brett Christiansen	10 percent owner	467 WEST 1875 SOUTH B203 WOODS CROSS UT 84010
Russell Gunther	10 percent owner	81 SOUTH 700 EAST AMERICAN FORK UT 84003
Hudson Gunther	10 percent owner	33 EAST MAIN STREET AMERICAN FORK UT 84003
Derek Gunther Miller	10 percent owner	5807 SOUTH WOODLAWN AVE CHICAGO IL 60637
Paul & Miriam Thomas Family Trust	10 percent owner	2016 EAST CAROLINA LANE TEMPE AZ 85284