Prime Meridian Holding Co (Prime Meridian Holding Co) Credit Losses Provision : $1.42 Mil (As of Mar. 2024)

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What is Prime Meridian Holding Co Credit Losses Provision?

Prime Meridian Holding Co's credit losses provision for the three months ended in Mar. 2024 was $0.21 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $1.42 Mil.

Prime Meridian Holding Co's quarterly credit losses provision increased from Sep. 2023 ($0.18 Mil) to Dec. 2023 ($0.71 Mil) but then declined from Dec. 2023 ($0.71 Mil) to Mar. 2024 ($0.21 Mil).

Prime Meridian Holding Co's annual credit losses provision increased from Dec. 2021 ($-0.10 Mil) to Dec. 2022 ($0.89 Mil) and increased from Dec. 2022 ($0.89 Mil) to Dec. 2023 ($1.45 Mil).

Prime Meridian Holding Co Credit Losses Provision Historical Data

The historical data trend for Prime Meridian Holding Co'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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Prime Meridian Holding Co Credit Losses Provision Chart

Prime Meridian Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.13

2.85

-0.10

0.89

1.45

Prime Meridian Holding Co Quarterly Data
	Jun19	Sep19	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															0.24	0.33	0.18	0.71	0.21

Prime Meridian Holding Co 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 $1.42 Mil.

Prime Meridian Holding Co (Prime Meridian Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Prime Meridian Holding Co (OTCPK:PMHG) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1471 Timberlane Road, Tallahassee, FL, USA, 32312

Website

https://www.primemeridianbank.com

Prime Meridian Holding Co is a bank holding company. Its services portfolio includes mobile banking, mobile deposit, Apple Pay, Bank-to-Bank transfers, online banking, demand interest-bearing, and non-interest-bearing accounts, and savings accounts, among others. It also offers commercial real estate loans, residential and home equity loans, construction loans, commercial loans, and consumer and other loans. The majority of revenues are derived from interest income and fees on loans, interest, and dividends from investment securities, and service charge income generated from demand accounts, ATM fees, and other services.