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ASCN (Absecon Bancorp) Allowance For Loans And Lease Losses : $-1.02 Mil (As of Dec. 2024)


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What is Absecon Bancorp Allowance For Loans And Lease Losses?

Absecon Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2024 was $-1.02 Mil.

Absecon Bancorp's quarterly Allowance For Loans And Lease Losses increased from Dec. 2022 ($-1.13 Mil) to Dec. 2023 ($-1.00 Mil) but then declined from Dec. 2023 ($-1.00 Mil) to Dec. 2024 ($-1.02 Mil).

Absecon Bancorp's annual Allowance For Loans And Lease Losses increased from Dec. 2022 ($-1.13 Mil) to Dec. 2023 ($-1.00 Mil) but then declined from Dec. 2023 ($-1.00 Mil) to Dec. 2024 ($-1.02 Mil).

Absecon Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for Absecon Bancorp'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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Absecon Bancorp Allowance For Loans And Lease Losses Chart

Absecon Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Allowance For Loans And Lease Losses
Get a 7-Day Free Trial -1.03 -1.03 -1.13 -1.00 -1.02

Absecon Bancorp Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Allowance For Loans And Lease Losses Get a 7-Day Free Trial -1.03 -1.03 -1.13 -1.00 -1.02

Absecon Bancorp 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.

Absecon Bancorp Allowance For Loans And Lease Losses Related Terms

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Absecon Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absecon Bancorp (OTCPK:ASCN) » Definitions » Allowance For Loans And Lease Losses
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EBSH TDCB FSGB CCYY UNTN FNFI MFBI TVLF CTYP GOVB NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 MIL:UCG SGX:D05 XPAR:BNP MIL:ISP NSE:SBIN ISX:BBCA
Traded in Other Exchanges
N/A
Address
106 New Jersey Avenue, Absecon, NJ, USA, 08201-2409
Website
https://www.fnbabsecon.com
Absecon Bancorp is engaged in providing financial products and services to individual and corporate customers in southern New Jersey. The principal business of the Bank consists of attracting deposits and applying the funds to the purchase of investments and the origination of loans. The Bank's income is derived principally from interest and dividends on investments and interest and fees earned in connection with its lending activities.

Absecon Bancorp Headlines

From GuruFocus

Absecon Bancorp Announces Special Cash Dividend of $3.00 Per Share along with an Annual Cash Dividend of $2.00 Per Share

By Marketwired Marketwired • 12-01-2020