American Church Mortgage Co (American Church Mortgage Co) Credit Losses Provision : $1.41 Mil (As of Jun. 2022)

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What is American Church Mortgage Co Credit Losses Provision?

American Church Mortgage Co's credit losses provision for the three months ended in Jun. 2022 was $1.43 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2022 was $1.41 Mil.

American Church Mortgage Co's quarterly credit losses provision declined from Dec. 2021 ($0.05 Mil) to Mar. 2022 ($0.00 Mil) but then increased from Mar. 2022 ($0.00 Mil) to Jun. 2022 ($1.43 Mil).

American Church Mortgage Co's annual credit losses provision declined from Dec. 2019 ($0.09 Mil) to Dec. 2020 ($0.07 Mil) and declined from Dec. 2020 ($0.07 Mil) to Dec. 2021 ($-0.00 Mil).

American Church Mortgage Co Credit Losses Provision Historical Data

The historical data trend for American Church Mortgage Co's Credit Losses Provision 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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American Church Mortgage Co Credit Losses Provision Chart

American Church Mortgage Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Credit Losses Provision

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0.12

0.25

0.09

0.07

American Church Mortgage Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Credit Losses Provision	Get a 7-Day Free Trial															0.01	-0.08	0.05	-	1.43

American Church Mortgage Co Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.41 Mil.

American Church Mortgage Co (American Church Mortgage Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Church Mortgage Co (OTCPK:ACMC) » Definitions » Credit Losses Provision

Comparable Companies

DSNY ENRT GBR HPTO BABB TCNB MNTR HIHO ADMQ MMND NLY AGNC STWD RITM BXMT ABR CMTG ARI CIM TWO

Traded in Other Exchanges

N/A

Address

10400 Yellow Circle Drive, Suite 102, Minnetonka, MN, USA, 55343

Website

https://church-loans.squarespace.com

American Church Mortgage Co operates as a real estate investment trust. Geographically the activities function throughout the region of the United States. It is primarily engaged in the business of making mortgage loans to churches and other non-profit religious organizations. In addition, the group also owns bonds, issued by churches and other nonprofit religious organizations. The firm derives revenue in the form of interest on mortgage loans receivable and the bond portfolio.

Executives

Philip J. Myers	director, officer: Chairman, President, Secretary	10237 YELLOW CIRCLE DRIVE, MINNETONKA MN 55343
Scott J. Marquis	other: VP & Secretary of Advisor	10237 YELLOW CIRCLE DRIVE, MINNETONKA MN 55343
Michael G. Holmquist	director	18300 MINNETONKA BLVD., SUITE 202, DEEPHAVEN MN 55391

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