VersaBank (VersaBank) Allowance For Loans And Lease Losses : $-2.30 Mil (As of Jan. 2017)

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What is VersaBank Allowance For Loans And Lease Losses?

VersaBank's Allowance For Loans And Lease Losses for the quarter that ended in Jan. 2017 was $-2.30 Mil.

VersaBank's quarterly Allowance For Loans And Lease Losses declined from Jul. 2016 ($-2.22 Mil) to Oct. 2016 ($-2.29 Mil) and declined from Oct. 2016 ($-2.29 Mil) to Jan. 2017 ($-2.30 Mil).

VersaBank's annual Allowance For Loans And Lease Losses increased from Oct. 2014 ($-2.59 Mil) to Oct. 2015 ($-2.46 Mil) and increased from Oct. 2015 ($-2.46 Mil) to Oct. 2016 ($-2.29 Mil).

VersaBank Allowance For Loans And Lease Losses Historical Data

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

VersaBank Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Allowance For Loans And Lease Losses

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-4.93

-3.16

-2.59

-2.46

-2.29

VersaBank Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-2.23	-2.42	-2.22	-2.29	-2.30

VersaBank 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.

VersaBank Allowance For Loans And Lease Losses Related Terms

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VersaBank (VersaBank) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.versabank.com

Pacific & Western Credit Corp is a holding company. The Company's wholly-owned and main subsidiary is Pacific & Western Bank of Canada, which provides financial solutions to clients in selected niche markets. The Bank receives deposits through a diversified network of deposit brokers and is a member institution of the Canada Deposit Insurance Corporation ('CDIC'). The Bank invests these funds in loans, leases, commercial mortgages, residential development mortgages, equity and debt of corporations, and government guaranteed securities, all of which are selected to provide lower returns on equity but with limited risk of default. The Bank has two main business activities, namely deposit services and lending services. Deposit services are located in Saskatoon, Saskatchewan. Deposits, consisting of guaranteed investment certificates and daily interest savings accounts, eligible for CDIC insurance, are raised through a diversified network of deposit brokers across Canada. The Bank's business is comprised of three core lending segments, being real estate lending, public sector lending and commercial lending. The Bank's real estate lending portfolio is organized into four categories, being land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages. The Bank provides land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages.