CBTN (Citizens Bancorp Investment) Credit Losses Provision : $1.45 Mil (As of Sep. 2024)

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What is Citizens Bancorp Investment Credit Losses Provision?

Citizens Bancorp Investment's credit losses provision for the three months ended in Sep. 2024 was $0.29 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2024 was $1.45 Mil.

Citizens Bancorp Investment's quarterly credit losses provision declined from Mar. 2024 ($0.47 Mil) to Jun. 2024 ($0.47 Mil) and declined from Jun. 2024 ($0.47 Mil) to Sep. 2024 ($0.29 Mil).

Citizens Bancorp Investment's annual credit losses provision increased from Dec. 2021 ($1.14 Mil) to Dec. 2022 ($1.31 Mil) but then declined from Dec. 2022 ($1.31 Mil) to Dec. 2023 ($0.97 Mil).

Citizens Bancorp Investment Credit Losses Provision Historical Data

The historical data trend for Citizens Bancorp Investment'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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Citizens Bancorp Investment Credit Losses Provision Chart

Citizens Bancorp Investment Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

1.36

1.14

1.31

0.97

Citizens Bancorp Investment Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Credit Losses Provision	Get a 7-Day Free Trial													0.26	0.22	0.47	0.47	0.29

Citizens Bancorp Investment 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.45 Mil.

Citizens Bancorp Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Bancorp Investment Inc (OTCPK:CBTN) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Highway 52 West, P.O. Box 100, Lafayette, TN, USA, 37083

Website

https://www.citizens-bank.org

Citizens Bancorp Investment Inc is a commercial bank. The company offers services such as Online and Mobile Banking; Overdraft Privilege; Business Services; Mortgages; Agriculture and others.