NorthEast Community Bancorp (FRA:JY4) Credit Losses Provision : €0.75 Mil (As of Mar. 2024)

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What is NorthEast Community Bancorp Credit Losses Provision?

NorthEast Community Bancorp's credit losses provision for the three months ended in Mar. 2024 was €-0.15 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €0.75 Mil.

NorthEast Community Bancorp's quarterly credit losses provision increased from Sep. 2023 (€0.15 Mil) to Dec. 2023 (€0.19 Mil) but then declined from Dec. 2023 (€0.19 Mil) to Mar. 2024 (€-0.15 Mil).

NorthEast Community Bancorp's annual credit losses provision declined from Dec. 2021 (€3.20 Mil) to Dec. 2022 (€0.41 Mil) but then increased from Dec. 2022 (€0.41 Mil) to Dec. 2023 (€0.89 Mil).

NorthEast Community Bancorp Credit Losses Provision Historical Data

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

NorthEast Community Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.65

0.67

3.20

0.41

0.89

NorthEast Community Bancorp Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-	0.56	0.15	0.19	-0.15

NorthEast 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.75 Mil.

NorthEast Community Bancorp (FRA:JY4) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NorthEast Community Bancorp Inc (FRA:JY4) » Definitions » Credit Losses Provision

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NECB:USA

Address

325 Hamilton Avenue, White Plains, NY, USA, 10601

Website

https://www.necb.com

NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. They conduct their activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.

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