First Pacific Bancorp (First Pacific Bancorp) Credit Losses Provision : $0.11 Mil (As of Sep. 2007)

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What is First Pacific Bancorp Credit Losses Provision?

First Pacific Bancorp's credit losses provision for the three months ended in Sep. 2007 was $0.03 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2007 was $0.11 Mil.

First Pacific Bancorp's quarterly credit losses provision increased from Mar. 2007 ($0.03 Mil) to Jun. 2007 ($0.05 Mil) but then declined from Jun. 2007 ($0.05 Mil) to Sep. 2007 ($0.03 Mil).

First Pacific Bancorp Credit Losses Provision Historical Data

The historical data trend for First Pacific 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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First Pacific Bancorp Credit Losses Provision Chart

First Pacific Bancorp Annual Data

Trend

Credit Losses Provision

First Pacific Bancorp Quarterly Data
	Mar07	Jun07	Sep07
Credit Losses Provision	0.03	0.05	0.03

First Pacific 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 Sep. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.11 Mil.

First Pacific Bancorp (First Pacific Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Pacific Bancorp (OTCPK:FPBC) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

16011 E. Whittier Boulevard, Whittier, CA, USA, 90603

Website

https://www.firstpacbank.com

First Pacific Bancorp is engaged in the banking business , it is a relationship-focused bank that offers custom financial solutions for individuals and businesses. It offers services such as mobile banking, consumer loans, personal online banking, personal savings and checking plans, business professional services, cash management services, and additional financial services among others. Its principal source of revenue is providing loans to customers, who are small and middle-market businesses and individuals.