Main Street Financial Services (Main Street Financial Services) Allowance For Loans And Lease Losses : $-5.81 Mil (As of Dec. 2023)

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What is Main Street Financial Services Allowance For Loans And Lease Losses?

Main Street Financial Services's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-5.81 Mil.

Main Street Financial Services's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-6.40 Mil) to Sep. 2023 ($-6.41 Mil) but then increased from Sep. 2023 ($-6.41 Mil) to Dec. 2023 ($-5.81 Mil).

Main Street Financial Services's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-6.23 Mil) to Dec. 2022 ($-6.49 Mil) but then increased from Dec. 2022 ($-6.49 Mil) to Dec. 2023 ($-5.81 Mil).

Main Street Financial Services Allowance For Loans And Lease Losses Historical Data

The historical data trend for Main Street Financial Services'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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Main Street Financial Services Allowance For Loans And Lease Losses Chart

Main Street Financial Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-5.20

-6.01

-6.23

-6.49

-5.81

Main Street Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-6.49	-6.68	-6.40	-6.41	-5.81

Main Street Financial Services 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.

Main Street Financial Services Allowance For Loans And Lease Losses Related Terms

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Main Street Financial Services (Main Street Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Main Street Financial Services Corp (OTCPK:MSWV) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 Main Street, Suite 100, Celoron Plaza, Wheeling, WV, USA, 26003

Website

https://www.mymainstreetbank.com

Main Street Financial Services Corp is a U.S based community bank. It is engaged in providing financial products and services which include ATM, Business Money Market, Drive-thru Services, Internet Banking, Safe Deposit Boxes and Non-profit Accounts among others.

Main Street Financial Services (Main Street Financial Services) Headlines

From GuruFocus

Main Street Financial Services Corp Reports Second Quarter Financial Results

By PRNewswire PRNewswire • 08-07-2020

Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. announce Merger of Equals transaction, creating a community bank with assets in excess of $1.3 billion.

By PRNewswire PRNewswire • 02-23-2023