CZWI (Citizens Community Bancorp) Credit Losses Provision : $-3.18 Mil (As of Dec. 2024)

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What is Citizens Community Bancorp Credit Losses Provision?

Citizens Community Bancorp's credit losses provision for the three months ended in Dec. 2024 was $-0.45 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2024 was $-3.18 Mil.

Citizens Community Bancorp's quarterly credit losses provision increased from Jun. 2024 ($-1.53 Mil) to Sep. 2024 ($-0.40 Mil) but then declined from Sep. 2024 ($-0.40 Mil) to Dec. 2024 ($-0.45 Mil).

Citizens Community Bancorp's annual credit losses provision declined from Dec. 2022 ($1.48 Mil) to Dec. 2023 ($-0.48 Mil) and declined from Dec. 2023 ($-0.48 Mil) to Dec. 2024 ($-3.18 Mil).

Citizens Community Bancorp Credit Losses Provision Historical Data

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

Citizens Community Bancorp Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

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7.75

1.48

-0.48

-3.18

Citizens Community Bancorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Credit Losses Provision	Get a 7-Day Free Trial															-0.65	-0.80	-1.53	-0.40	-0.45

Citizens 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.18 Mil.

Citizens Community Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Community Bancorp Inc (NAS:CZWI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

2174 EastRidge Center, Eau Claire, WI, USA, 54701

Website

https://www.ccf.us

Citizens Community Bancorp Inc is a bank holding company that offers traditional community banking services to businesses, Agricultural operators, and consumers, including one-to-four-family residential mortgages. it also offers a variety of loan products including commercial real estate loans, commercial and industrial (C&I) loans, agricultural real estate loans, agricultural operating loans, residential mortgages, home equity lines-of-credit, and consumer loans and offers deposit products through its branches, including demand deposits, various savings and money-market accounts and certificates of deposit. The company's sources of funds are deposits; amortization, prepayments, and maturities of outstanding loans; other short- term investments; and funds provided from operations.

Executives

Stephen M Bianchi	officer: CEO and President	225 S. MAIN AVENUE, SIOUX FALLS SD 57104
James S Broucek	officer: Chief Financial Officer
Timothy L Olson	director	2727 PINE VIEW ROAD, EAU CLAIRE WI 54703
James D Moll	director	400 9TH AVE SW, WELLS MN 56097
Kristina M Bourget	director	1703 PINE PARK DRIVE, EAU CLAIRE WI 54701
Kathleen Skarvan	other: Director of Subsidiary	40 WEST HIGHLAND PARK DR NE, HUTCHINSON MN 55350
Francis E Felber	director	754 OAK ST, BARRON WI 54812
William Glen Bertrand	other: Director of Subsidiary	E3420 N PINECREEK ROAD, ELEVA WI 54738
Richard Mchugh	director, other: Chairman	C/O CITIZENS COMMUNITY BANCORP, 2174 EASTRIDGE CENTER, EAU CLAIRE WI 54701
Nicholas William Amundsen	other: Director of Subsidiary	S4443 RYGG ROAD, EAU CLAIRE WI 54701
Martin S. Friedman	10 percent owner	7901 JONES BRANCH DR. SUITE 210, MCLEAN VA 22102
James R Lang	director	2194 EASTRIDGE CENTER, EAU CLAIRE WI 54701
Michael R Conner	other: Director of Subsidiary	1124 CUMMINGS COURT, EAU CLAIRE WI 54701
Brian R Schilling	director	C/O CITIZENS COMMUNITY BANCORP, 2174 EASTRIDGE CENTER, EAU CLAIRE WI 54701
Michael L Swenson	director	1414 WEST HAMILTON AVE., STE 3, EAU CLAIRE WI 54701