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Community Bancorp (Community Bancorp) Credit Losses Provision : $1.48 Mil (As of Dec. 2023)


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What is Community Bancorp Credit Losses Provision?

Community Bancorp's credit losses provision for the three months ended in Dec. 2023 was $0.67 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $1.48 Mil.

Community Bancorp's quarterly credit losses provision declined from Jun. 2023 ($0.28 Mil) to Sep. 2023 ($0.24 Mil) but then increased from Sep. 2023 ($0.24 Mil) to Dec. 2023 ($0.67 Mil).

Community Bancorp's annual credit losses provision increased from Dec. 2021 ($0.62 Mil) to Dec. 2022 ($0.98 Mil) and increased from Dec. 2022 ($0.98 Mil) to Dec. 2023 ($1.48 Mil).

Community Bancorp Credit Losses Provision Historical Data

The historical data trend for Community Bancorp'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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Community Bancorp Credit Losses Provision Chart

Community Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.59 0.62 0.98 1.48

Community Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Credit Losses Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.35 0.29 0.28 0.24 0.67

Community Bancorp 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.48 Mil.

* 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.

Community Bancorp (Community Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Community Bancorp Inc (OTCPK:CMTV) » Definitions » Credit Losses Provision
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HMNF QNBC SOUB PROV SRBK ENBP PBNK PSBQ RBKB KISB NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
N/A
Address
4811 US Route 5, Derby, VT, USA, 05829
Website
https://www.communitybancorpvt.com
Community Bancorp Inc is a holding company that provides a complete line of personal and business banking services with personal services and solutions. It mainly offers Business banking, Commercial real estate lending, residential real estate lending, Retail credit, Municipal and Institutional Banking, and Retail Banking. The company's product and service portfolio consists of deposit services, loan services, investment services, mortgages, business lending, and others. The bank offers a complete line of personal and business products and services along with offerings for non-profit organizations, municipalities and local governments.
Executives
Aminta K Conant director 4811 US ROUTE 5, DERBY VT 05829
David Mark Bouffard director 33 MOUNTAIN VIEW DRIVE, NEWPORT VT 05855
Carol Martin director 4811 US ROUTE 5, DERBY VT 05829
Bruce D Baker director 4811 US ROUTE 5, DERBY VT 05829
Wheeler James G. Jr. director 4811 US ROUTE 5, DERBY VT 05829
Jeffrey Lee Moore director 4811 US ROUTE 5, DERBY VT 05829
Christopher L. Caldwell officer: EVP & Chief Lending Officer 4811 US ROUTE 5, DERBY VT 05829
Emma Marvin director 4811 US ROUTE 5, DERBY VT 05829
Leslie Delhaie officer: EVP/COIO 4811 US ROUTE 5, DERBY VT 05829
Louise M Bonvechio officer: Vice President & CFO 4811 US ROUTE 5, DERBY VT 05829
Jacques R Couture director 4811 US ROUTE 5, DERBY VT 05829
Frederic Oeschger director 4811 US ROUTE 5, DERBY VT 05829
David Laforce director 4811 US ROUTE 5, DERBY VT 05829
Dorothy R Mitchell director 4811 US ROUTE 5, DERBY VT 05829
Kathryn M Austin officer: Executive Vice President 4811 US ROUTE 5, DERBY VT 05829

Community Bancorp (Community Bancorp) Headlines

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