OTTW (Ottawa Bancorp) Allowance For Loans And Lease Losses : $-4.30 Mil (As of Sep. 2024)

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What is Ottawa Bancorp Allowance For Loans And Lease Losses?

Ottawa Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Sep. 2024 was $-4.30 Mil.

Ottawa Bancorp's quarterly Allowance For Loans And Lease Losses increased from Mar. 2024 ($-4.34 Mil) to Jun. 2024 ($-4.30 Mil) but then declined from Jun. 2024 ($-4.30 Mil) to Sep. 2024 ($-4.30 Mil).

Ottawa Bancorp's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-3.64 Mil) to Dec. 2022 ($-4.30 Mil) and declined from Dec. 2022 ($-4.30 Mil) to Dec. 2023 ($-4.37 Mil).

Ottawa Bancorp Allowance For Loans And Lease Losses Historical Data

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

Ottawa Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-2.94

-3.48

-3.64

-4.30

-4.37

Ottawa Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-4.39	-4.37	-4.34	-4.30	-4.30

Ottawa 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.

Ottawa Bancorp Allowance For Loans And Lease Losses Related Terms

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Ottawa Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ottawa Bancorp Inc (OTCPK:OTTW) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

925 LaSalle Street, Ottawa, IL, USA, 61350

Website

https://www.myosb.bank

Ottawa Bancorp Inc is a bank holding company engaged in providing a variety of financial services to individual and corporate customers in the Ottawa, Marseilles, and Morris, Illinois areas The bank offers services such as checking, savings, loans, online banking, commercial leasing, and others. It generates revenue from interest and fees related to single-family residential loans to middle-income individuals and interest and fees related to commercial loans to small businesses.

Executives

Craig M Hepner	director, officer: COO	925 LASALLE STREET, OTTAWA IL 61350
Jon Kranov	director, officer: President & CEO	925 LASALLE STREET, C/O OTTAWA SAVINGS BANK, OTTAWA IL 61350
Thomas Michael Adler	director	925 LASALLE STREET, OTTAWA IL 61350
William Kuiper	director	925 LASALLE STREET, OTTAWA IL 61350
John M. Armstrong	director	OTTAWA SAVINGS BANCORP, INC., 925 LASALLE STREET, OTTAWA IL 61350
Marc N Kingry	officer: CFO	925 LASALLE STREET, OTTAWA IL 61350
Mark Stoudt	officer: Chief Lending Officer	925 LASALLE STREET, OTTAWA IL 61350
Arthur Mueller	director	925 LASALLE STREET, C/O OTTAWA SAVINGS BANK, OTTAWA IL 61350
James Ferrero	director	925 LASALLE STREET, C/O OTTAWA SAVINGS BANK, OTTAWA IL 61350
Keith Johnson	director	925 LASALLE STREET, C/O OTTAWA SAVINGS BANK, OTTAWA IL 61350
Daniel Reynolds	director	925 LASALLE STREET, C/O OTTAWA SAVINGS BANK, OTTAWA IL 61350