Canandaigua National (Canandaigua National) Credit Losses Provision : $7.8 Mil (As of Dec. 2018)

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What is Canandaigua National Credit Losses Provision?

Canandaigua National's credit losses provision for the six months ended in Dec. 2018 was $7.8 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2018 was $7.8 Mil.

Canandaigua National's quarterly credit losses provision increased from Dec. 2016 ($4.3 Mil) to Dec. 2017 ($6.4 Mil) and increased from Dec. 2017 ($6.4 Mil) to Dec. 2018 ($7.8 Mil).

Canandaigua National's annual credit losses provision increased from Dec. 2016 ($4.3 Mil) to Dec. 2017 ($6.4 Mil) and increased from Dec. 2017 ($6.4 Mil) to Dec. 2018 ($7.8 Mil).

Canandaigua National Credit Losses Provision Historical Data

The historical data trend for Canandaigua National'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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Canandaigua National Credit Losses Provision Chart

Canandaigua National Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Credit Losses Provision

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4.59

5.70

4.35

6.40

7.78

Canandaigua National Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
Credit Losses Provision	Get a 7-Day Free Trial											4.59	5.70	4.35	6.40	7.78

Canandaigua National 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2018 was $7.8 Mil.

Canandaigua National (Canandaigua National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canandaigua National Corp (OTCPK:CNND) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 South Main Street, Canandaigua, NY, USA, 14424

Website

https://www.cnbank.com

Canandaigua National Corp is a bank holding company. The company provides a full range of financial services such as banking, trust, investment, and insurance services to individuals, corporations, and municipalities.

Executives

Joseph L Dugan	officer: Executive Vice President, other: Officer of subsidiaries	72 SOUTH MAIN STREET, CANANDAIGUA NY 14424
David R Morrow	other: Officer of Subsidiary	72 S. MAIN ST., CANANDAIGUA NY 14424

Canandaigua National (Canandaigua National) Headlines

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