PB Bankshares (PB Bankshares) Credit Losses Provision : $0.63 Mil (As of Dec. 2023)

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What is PB Bankshares Credit Losses Provision?

PB Bankshares's credit losses provision for the three months ended in Dec. 2023 was $0.06 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.63 Mil.

PB Bankshares's quarterly credit losses provision declined from Jun. 2023 ($0.25 Mil) to Sep. 2023 ($0.14 Mil) and declined from Sep. 2023 ($0.14 Mil) to Dec. 2023 ($0.06 Mil).

PB Bankshares's annual credit losses provision increased from Dec. 2021 ($0.29 Mil) to Dec. 2022 ($1.20 Mil) but then declined from Dec. 2022 ($1.20 Mil) to Dec. 2023 ($0.63 Mil).

PB Bankshares Credit Losses Provision Historical Data

The historical data trend for PB Bankshares'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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PB Bankshares Credit Losses Provision Chart

PB Bankshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

0.70

0.76

0.29

1.20

0.63

PB Bankshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial												0.56	0.18	0.25	0.14	0.06

PB Bankshares 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.63 Mil.

PB Bankshares (PB Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PB Bankshares Inc (NAS:PBBK) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

185 East Lincoln Highway, Coatesville, PA, USA, 19320

Website

https://www.presencebank.com

PB Bankshares Inc follows a community bank model and provides multiple services to individuals and small to midsize businesses. Its business consists of attracting retail and commercial deposits from the general public in its market area and investing those deposits, together with funds generated from operations and borrowings, in commercial real estate loans, commercial and industrial loans, construction, home equity lines of credit and to a lesser extent, one- to four-family residential real estate loans and consumer loans.

Executives

Janak M Amin	director, officer: President and CEO	4981 SADDLE BROOK DRIVE, HARRISBURG PA 17112
William H Sayre	officer: EVP, Chief Credit/Risk Officer	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320
Lindsay S Bixler	officer: Chief Financial Officer	185 EAST LINCOLN HIGHWAY, COATESVILLE PA 19320
Joseph W Carroll	director	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320
Douglas L Byers	officer: Chief Banking Officer	185 EAST LINCOLN HIGHWAY, COATESVILLE PA 19320
Larry Witt	officer: Chief Info. & Oper. Officer	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320
Bony Dawood	director	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320
R Cheston Woolard	director	185 EAST LINCOLN HIGHWAY, COATESVILLE PA 19320
Jane B Tompkins	director	20 SOUTH MAIN STREET, CHAMBERSBURG PA 17201
Spencer J Andress	director	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320
Pinno John V Iii	director	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320
Thomas R Greenfield	director	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320
Larry J Constable	director	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320
Mary Joye Wentz	director	185 E. LINCOLN HIGHWAY, COATESVILLE PA 19320

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