Malaga Financial (Malaga Financial) Credit Losses Provision : $0.10 Mil (As of Sep. 2007)

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What is Malaga Financial Credit Losses Provision?

Malaga Financial's credit losses provision for the three months ended in Sep. 2007 was $0.02 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2007 was $0.10 Mil.

Malaga Financial's quarterly credit losses provision declined from Mar. 2007 ($0.01 Mil) to Jun. 2007 ($0.01 Mil) but then increased from Jun. 2007 ($0.01 Mil) to Sep. 2007 ($0.02 Mil).

Malaga Financial's annual credit losses provision increased from Dec. 2004 ($-0.23 Mil) to Dec. 2005 ($0.36 Mil) but then declined from Dec. 2005 ($0.36 Mil) to Dec. 2006 ($0.31 Mil).

Malaga Financial Credit Losses Provision Historical Data

The historical data trend for Malaga Financial'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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Malaga Financial Credit Losses Provision Chart

Malaga Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Credit Losses Provision

0.23

-0.15

-0.23

0.36

0.31

Malaga Financial Quarterly Data
	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07
Credit Losses Provision	Get a 7-Day Free Trial															0.07	0.05	0.01	0.01	0.02

Malaga Financial 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 $0.10 Mil.

Malaga Financial (Malaga Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Malaga Financial Corp (OTCPK:MLGF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

2514 Via Tejon, Palos Verdes Estates, CA, USA, 90274

Website

https://www.malagabank.com

Malaga Financial Corp is a full-service community bank. It bank is a real estate lender concentrating on financing apartments, construction projects, and single-family residences. Its operations are related to traditional banking activities, including the acceptance of deposits and the lending and investing of money. Its customers consist of individuals and small-to-midsize businesses located in the Palos Verdes Peninsula and adjoining areas of Los Angeles and Orange Counties, California.