Town Center Bank IL (Town Center Bank IL) Credit Losses Provision : $0.19 Mil (As of Mar. 2024)

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What is Town Center Bank IL Credit Losses Provision?

Town Center Bank IL's credit losses provision for the three months ended in Mar. 2024 was $0.04 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.19 Mil.

Town Center Bank IL's quarterly credit losses provision declined from Jun. 2023 ($0.15 Mil) to Dec. 2023 ($0.00 Mil) but then increased from Dec. 2023 ($0.00 Mil) to Mar. 2024 ($0.04 Mil).

Town Center Bank IL's annual credit losses provision declined from Dec. 2021 ($0.07 Mil) to Dec. 2022 ($0.03 Mil) but then increased from Dec. 2022 ($0.03 Mil) to Dec. 2023 ($0.32 Mil).

Town Center Bank IL Credit Losses Provision Historical Data

The historical data trend for Town Center Bank IL'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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Town Center Bank IL Credit Losses Provision Chart

Town Center Bank IL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.01

0.22

0.07

0.03

0.32

Town Center Bank IL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-	0.01	0.15	-	0.04

Town Center Bank IL 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 $0.19 Mil.

Town Center Bank IL (Town Center Bank IL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Town Center Bank IL (OTCPK:TCNB) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

1938 E. Lincoln Highway, Unit 201, New Lenox, IL, USA, 60451

Website

https://www.towncenterbank.com

Town Center Bank IL provides banking products and services to families, businesses, and organizations in Illinois. Its primary deposit products are checking, savings, and term certificate accounts and its primary lending products are residential mortgages, commercial, commercial real estate, construction, land development, and consumer loans. Other financial instruments offered by the bank include loan commitments, credit lines, letters of credit, and overdraft protection.

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