Heritage NOLA Bancorp (Heritage NOLA Bancorp) Credit Losses Provision : $0.02 Mil (As of Mar. 2020)

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What is Heritage NOLA Bancorp Credit Losses Provision?

Heritage NOLA Bancorp's credit losses provision for the three months ended in Mar. 2020 was $0.01 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2020 was $0.02 Mil.

Heritage NOLA Bancorp's quarterly credit losses provision increased from Sep. 2019 ($0.00 Mil) to Dec. 2019 ($0.01 Mil) but then declined from Dec. 2019 ($0.01 Mil) to Mar. 2020 ($0.01 Mil).

Heritage NOLA Bancorp's annual credit losses provision declined from Dec. 2017 ($0.08 Mil) to Dec. 2018 ($0.01 Mil) but then increased from Dec. 2018 ($0.01 Mil) to Dec. 2019 ($0.01 Mil).

Heritage NOLA Bancorp Credit Losses Provision Historical Data

The historical data trend for Heritage NOLA 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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Heritage NOLA Bancorp Credit Losses Provision Chart

Heritage NOLA Bancorp Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Credit Losses Provision

0.18

0.08

0.01

Heritage NOLA Bancorp Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Credit Losses Provision	Get a 7-Day Free Trial											-	-	-	0.01	0.01

Heritage NOLA 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.02 Mil.

Heritage NOLA Bancorp (Heritage NOLA Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage NOLA Bancorp Inc (OTCPK:HRGG) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 North Columbia Street, Covington, LA, USA, 70433

Website

https://www.heritagebank.org

Heritage NOLA Bancorp Inc is a banking company. Its services include personal banking, business banking, and loan facilities. The bank offers deposits, personal loans, mobile and online banking, trade finance, interest checking, foreign exchange, merchant, and other banking services.

Executives

Lisa B. Hughes	officer: SVP and CFO	205 NORTH COLUMBIA STREET COVINGTON LA 70433
W. David Crumhorn	director, officer: Chairman, President and CEO	205 NORTH COLUMBIA STREET COVINGTON LA 70433
Dana Whitaker	officer: EVP and CCO	205 NORTH COLUMBIA STREET COVINGTON LA 70433
William Thomas Ballantine	director	7009 LONGVUS, MANDEVILLE LA 70448
Rodrigue Julian J. Jr.	director	205 NORTH COLUMBIA STREET COVINGTON LA 70433
Jason S. Hunt	director	205 NORTH COLUMBIA STREET COVINGTON LA 70433
Caruso Salvatore A. Jr.	director	205 NORTH COLUMBIA STREET COVINGTON LA 70433
Elizabeth M. Eustis	director	205 NORTH COLUMBIA STREET COVINGTON LA 70433

Heritage NOLA Bancorp (Heritage NOLA Bancorp) Headlines

From GuruFocus

Heritage NOLA Bancorp, Inc. Announces Application Status and Shareholder Approval for Proposed Merger With M C Bancshares, Inc.

By PRNewswire • 03-13-2024