MVLY (Mission Valley Bancorp) Credit Losses Provision : $0.75 Mil (As of Sep. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Mission Valley Bancorp Credit Losses Provision?

Mission Valley Bancorp's credit losses provision for the three months ended in Sep. 2024 was $0.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2024 was $0.75 Mil.

Mission Valley Bancorp's quarterly credit losses provision declined from Mar. 2024 ($0.20 Mil) to Jun. 2024 ($0.00 Mil) but then stayed the same from Jun. 2024 ($0.00 Mil) to Sep. 2024 ($0.00 Mil).

Mission Valley Bancorp's annual credit losses provision increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($1.10 Mil) and increased from Dec. 2022 ($1.10 Mil) to Dec. 2023 ($1.35 Mil).

Mission Valley Bancorp Credit Losses Provision Historical Data

The historical data trend for Mission Valley 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.

* Premium members only.

Mission Valley Bancorp Credit Losses Provision Chart

Mission Valley Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

Get a 7-Day Free Trial

0.56

1.85

1.10

1.35

Mission Valley Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Credit Losses Provision	Get a 7-Day Free Trial															0.60	0.55	0.20	-	-

Mission Valley 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.75 Mil.

Mission Valley Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mission Valley Bancorp (OTCPK:MVLY) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

9116 Sunland Boulevard, Sun Valley, CA, USA, 91352

Website

https://www.missionvalleybank.com

Mission Valley Bancorp along with its subsidiaries provides a full range of banking services to individual and corporate customers through the bank. The bank has two branches located in Sun Valley and Valencia, California. It also makes available Online Banking, Business Banking, Loans, and Personal banking for its customers. Also, it has been authorized by the Federal Reserve Bank of San Francisco to engage in lending activities, separate from the bank.